A. The facility known as the George Nigh Rehabilitation Institute in Okmulgee, Oklahoma, described as follows: a tract of land in Section 29, Township 14 North, Range 13 East of the Indian Meridian, Okmulgee County, Oklahoma, more particularly described as “Commencing at a point of the North Line of said Section a distance of 926.00 feet east of the Northwest corner of said Section 29, T14N, R13E, thence S 00 degrees, 09' 00” W a distance of 868.06 feet, thence N 89 degrees 50' 40.5” W a distance of 376.00 feet, thence N 00 degrees, 00” E a distance of 300.00 feet, thence N 89 degrees 50' 40.5” W a distance of 350.00 feet to the easterly right of way of U.S. 75, thence N 00 degrees, 09' 00” E a distance of 150.45 feet, thence on a curve to the right with a radius of 226.48 feet a distance of 217.73 feet, thence on a curve to the left with a radius of 264.63 feet a distance of 254.40 feet, thence N 45 degrees, 00' 00” E a distance of 21.06 feet, thence S 89 degrees, 50' 40.5” E a distance of 501.11 feet to the point of beginning”, said tract containing 11.0 acres is hereby transferred from the Oklahoma Department of Veterans Affairs to the Oklahoma State Regents for Higher Education to be administered consistent with such rules and policies of the Oklahoma State Regents for Higher Education and which shall be subject to the provisions of Section 3 of this act. The transfer shall include all real property, buildings, furniture, equipment, supplies, records, personnel, assets, current and future liabilities, fund balances, encumbrances, obligations, indebtedness, powers, duties and responsibilities associated with the George Nigh Rehabilitation Institute.

B. All monies remaining in any funds or accounts in the name of the George Nigh Rehabilitation Institute or maintained by the Department of Veterans Affairs for the benefit of the Institute are transferred to the Oklahoma State Regents for Higher Education and shall be subject to the provisions of Section 3 of this act.

C. It is the intent of the Legislature that all employees of the George Nigh Rehabilitation Institute on the effective date of this act shall be transferred to the Oklahoma State Regents for Higher Education with retention of pay and benefits, as much as possible, including longevity, dependent insurance benefits, seniority, rights, and other privileges or benefits, which may be provided through contractual arrangement with the Oklahoma Department of Veterans Affairs as provided for in Section 3 of this act.

Added by Laws 1991, c. 288, § 7, eff. July 1, 1991. Amended by Laws 1992, c. 312, § 2, eff. Sept. 1, 1992; Laws 1999, c. 347, § 1, eff. July 1, 1999. Renumbered from § 63.18 of Title 72 by Laws 1999, c. 347, § 6, eff. July 1, 1999.