...S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $37.4 million state facilities revenue bonds, federally taxable series 2022C (Oklahoma Department of Veterans Affairs project). The outlook is stable. The series 2022C constitute limited obligations of the authority and are secured by lease payments made by the agency to OCIA, pursuant to the bond resolution and lease agreement for use and occupancy between the department (the lessee) and OCIA (the lessor). Lease payments are subject to annual appropriation by the Oklahoma Legislature to the Department of Veterans Affairs and allocated by the agency to make payments to OCIA. A portion of proceeds from the series 2022C bonds will be used to finance the acquisition of real and personal property and to plan, develop, repair, stage, refurbish, and construct buildings, parking facilities, and other improvements for the Oklahoma Department of Veterans Affairs. Proceeds will...
