Capitol Improvement Authority; allocation of funds from the Legacy Capital Financing Fund; utilization; Oklahoma State University; recapitalization payments; distributions; limiting conditions; codification.

Added 'Hall and Haste of the Senate' to the list of bill sponsors.

Updated the document title from 'PROPOSED COMMITTEE SUBSTITUTE' to 'COMMITTEE SUBSTITUTE'.

Updated the requirement number from 17193 to 17414.

Removed the original enrolled bill headers, including the list of all sponsors (Caldwell, Kane, Ranson, Hall, Haste, Pederson) and the official passage dates from the House and Senate.

Added new committee amendment headers, including a motion to amend, the names of the committee sponsors (Caldwell and Kane), and placeholders for the committee chair and reading clerk.

Replaced the original bill text with a re-typed version that includes page numbers and line numbers typical of a committee substitute, though the actual legal content of the sections remains identical.

Added a new condition requiring the Authority to wait until the university secures $10 million in matching funds or until July 1, 2027, before distributing any funds.

Added standard signature lines for the House, Senate, Governor, and Secretary of State to finalize the bill.

Removed draft formatting markers, page numbers, and placeholder text used during the legislative process.

Authorized a specific allocation of $40,000,000 from the Legacy Capital Financing Fund for Oklahoma State University agronomy facilities.

Added a mandatory requirement for Oklahoma State University to collect and match $10,000,000 in funds before state money can be distributed.

Modified the recapitalization payment schedule to begin no later than May of the fiscal year the bill becomes law.

Established a hard start date of July 1, 2027, for distributing funds, regardless of when the bill becomes law.

Defined memoranda of understanding as non-binding on the State of Oklahoma to limit legal liability.

Removed the previous text creating a 'Public Finance Act of 2026' and deleting the bill from the Oklahoma Statutes.