The Oklahoma Capitol Improvement Authority is hereby authorized and directed to plan, acquire land for and erect, operate and maintain buildings for the use of the following state agencies, and to borrow money on the credit of the income and revenues to be derived from such projects in the amounts indicated for each such project and, in anticipation of the collection of such income and revenues, to issue negotiable bonds not to exceed the amounts indicated for each such project or so much of each indicated amount as may, in the opinion of the Authority, be necessary for such purpose:

(a) For the State Department of Highways, the sum of Seven Million Five Hundred Thousand Dollars ($7,500,000.00) to be used

(1) first, to acquire all of the land which is bounded by Lincoln Boulevard on the east, Northeast Twenty-first Street on the north, Walnut Avenue on the west and the alley north of Northeast Sixteenth Street on the south which is not now owned by the State of Oklahoma or its agencies or the City of Oklahoma City, and

(2) second, to plan and erect thereon a building or buildings for the use of the State Department of Highways with appropriate improvements for utilities, parking and access to serve such building or buildings.

(b) For the State Department of Education primarily, and secondarily for those agencies related to education including but not limited to the School Land Commission, the Teachers' Retirement System, etc., the sum of Four Million Dollars ($4,000,000.00) to be used

(1) first, to acquire all of the land which is bounded by Lincoln Boulevard on the east, Northeast Twenty-sixth Street on the north, Stiles Avenue on the west and Northeast Twenty-fourth Street on the south which is not now owned by the State of Oklahoma or its agencies or the City of Oklahoma City, and

(2) second, to plan and erect thereon a building for the use primarily of the State Department of Education and secondarily for the use of such other agencies related to education including but not limited to those named above as may in the opinion of the Authority be appropriate, desirable and feasible, with appropriate improvements for utilities, parking and access to serve such building.

(c) For the Oklahoma Tax Commission the sum of Four Million Dollars ($4,000,000.00) to be used

(1) first, to acquire all of the land which is bounded by Lincoln Boulevard on the west, Northeast Twenty-sixth Street on the north, Lindsay Avenue on the east and Northeast Twenty-fourth Street on the south which is not now owned by the State of Oklahoma or its agencies or the City of Oklahoma City, and

(2) second, to plan and erect thereon a building for the use of the Oklahoma Tax Commission with appropriate improvements for utilities, parking and access to serve such building.

(d) For the planning of and the remodeling and renovation of the Jim Thorpe Office Building and the State Capitol Building, including equipment, the sum of Two Million Dollars ($2,000,000.00).

(e) The Authority may, in its discretion, exchange the locations of the buildings described in (b) and (c) above.

Added by Laws 1968, c. 330, § 1.