The bill, known as House Bill No. 2773, authorizes the Oklahoma Capitol Improvement Authority to allocate up to $250 million from the Legacy Capital Financing Fund for the benefit of the Oklahoma State University Veterinary Medicine Authority (OSUVMA). This funding is intended for the construction, refurbishment, or expansion of animal teaching hospitals and related facilities. Additionally, the bill stipulates that recapitalization payments related to this funding will not commence until the state fiscal year beginning July 1, 2026, and allows for the distribution of funds in multiple tranches.

Furthermore, the bill permits the Authority to enter into memoranda of understanding with various state agencies to facilitate the implementation of the act. However, these memoranda will not create any legal obligations for the State of Oklahoma or hinder the administration of the Legacy Capital Financing Act. This legislation aims to enhance veterinary education and services in Oklahoma through significant financial support.