Capital Improvements Plan 2020-2027
FY 2020-2027 CAPITAL IMPROVEMENTS PLAN AND FY 2020 CAPITAL BUDGET FY 20-27 Capital Improvements Plan 1 STATE OF OKLAHOMA LONG-RANGE CAPITAL PLANNING COMMISSION 2401 N. Lincoln Blvd., Oklahoma City, OK 73105 405-522-1652 Fax 405-522-3861 Dec. 1, 2018 Honorable Mary Fallin, Governor Honorable Mike Shulz, Senate President Pro Tempore, Oklahoma State Senate Honorable Charles McCall, Speaker of the House, Oklahoma House of Representatives Governor and Gentlemen: On behalf of the Long-Range Capital Planning Commission, I am pleased to submit the proposed FY 2020 Capital Budget and FY 2020-2027 Capital Improvements Plan for the State of Oklahoma. The plan is submitted pursuant to 62 O.S. §900-901, which allows the Oklahoma State Legislature 45 days from the beginning of the 2019 Legislative Session to review the plan and, if necessary, pass a concurrent resolution disapproving any or all of the proposed projects. If no proposed projects are disapproved by concurrent resolution during the 45-day period, the plan shall be deemed to have been approved by the Legislature and the capital budget may be implemented. Implementation of the budget also requires proactive legislative action to appropriate funding to the Maintenance of State Buildings Revolving Fund. The commission’s proposed FY 2020 Capital Budget requests an appropriation of $26,013,106, including $21,113,691 for the Maintenance of State Buildings Revolving Fund to implement 24 capital projects for 11 agencies, as well as $4,899,415 to fund the first year of debt service on a 20-year bond issue that would implement 11 larger capital projects totaling $150,465,297.
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