House Bill No. 2776 amends the Oklahoma Capitol Improvement Authority's utilization of the Legacy Capital Financing Fund. The bill eliminates the previous authorization for funding related to the tunnels under the State Capitol Office Complex and increases the funding for the Kelley Building and Kelley Annex renovation from $26,322,300 to $45,322,300. Additionally, it authorizes $70,000,000 for repairs and improvements to the Jim Thorpe Office Building. The bill also clarifies that the Authority may distribute these funds in multiple tranches and enter into memoranda of understanding with state agencies to facilitate the act's provisions.

Overall, the bill aims to streamline the funding process for state property improvements while reallocating resources to prioritize the renovation of facilities for public use, specifically as a daycare center. The changes reflect a shift in focus towards enhancing state infrastructure and services.