Oklahoma Lieutenant Governor Jari Askins - Oklahoma Capitol Improvement Authority

Oklahoma Capitol Improvement Authority

Department of Central Services
Will Rogers Officer Building
2401 North Lincoln Boulevard, Suite 206
PO Box 53218
Oklahoma City, OK 73152-3218

Telephone: 405-521-2121
Fax: 405-521-6403

Authority, Membership and Purpose

The Oklahoma Capitol Improvement Authority (Authority) was created in 1959 to provide bond funding for the construction of office buildings and other infrastructure support for various departments and agencies of the State of Oklahoma, particularly those leasing office space. The Authority issues Revenue Bonds backed by lease agreements with the various state entities. Upon extinguishment of the bond debt, the improvements remain the property of the Authority or become the property of the state entity leasing the improvement. The Authority also currently operates several state office buildings for the benefit of state agencies.

The 8 members of the Authority are set by statute and consist of:

Governor Brad Henry, Chair

Lieutenant Governor Jari Askins, Vice-Chair

State Treasurer Scott Meacham

Director of Central Services John Richard, Secretary

Director of Human Services Howard Hendrick

Oklahoma Tax Commissioner Connie Irby

Director of the Oklahoma Department of Tourism and Recreation Hardy Watkins

Director of the Oklahoma Department of Transportation Gary Ridley

Commission Responsibilities

The Authority has various duties and powers, including but not limited to the following:

To acquire land for and to erect, equip, operate and maintain buildings for the use of state and/or federal agencies and departments at any place or location within the State of Oklahoma;
To borrow money on the credit of the income and revenues to be derived from the operation of such buildings; and
To issue bonds for the purpose of refunding any obligation of the Authority payable from the revenues of Authority buildings.