Power to be exercised in conjunction with local public trust.

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The Oklahoma Department of Veterans Affairs, acting by and through the Oklahoma Veterans Commission, in conjunction with the local public trust may:

1. Make and enter into all contracts and agreements necessary or incidental to the performance of its duties and the execution of its powers pursuant to the provisions of this act, and particularly without limiting the generality of this section, to make and enter into contracts and agreements with the separate instrumentalities, departments and agencies of the State of Oklahoma and/or federal government, in order to effectuate the financing of the hospital and health care facilities;

2. Employ legal counsel, and contract for investment and trustee banking services, and credit support or enhancements, as may be necessary in the judgment of the local public trust, and to fix the fees, charges and compensation therefor; provided, that all such fees and expenses shall be payable solely from the proceeds of the bonds, or any investment earnings thereon, issued pursuant to the provisions of this and/or any other legally available source;

3. Do all things necessary or convenient to implement the powers expressly granted pursuant to the provisions of this act.

Added by Laws 1985, c. 295, § 5, emerg. eff. July 24, 1985. Amended by Laws 2014, c. 212, § 10, eff. Nov. 1, 2014.


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