House Bill No. 2773 authorizes the Oklahoma Capitol Improvement Authority to allocate $250 million from the Legacy Capital Financing Fund for the benefit of the Oklahoma State University Veterinary Medicine Authority (OSUVMA). The funds are designated 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 commence in the state fiscal year beginning July 1, 2026, and allows for the distribution of these funds in multiple tranches.

The bill also permits the Authority to enter into memoranda of understanding with various state agencies to facilitate the implementation of the act, ensuring that these agreements do not create legal obligations for the state or hinder the administration of the Legacy Capital Financing Act. This legislative measure aims to enhance veterinary education and services in Oklahoma through significant financial support.