An Act
ENROLLED HOUSE
BILL NO. 3349 By: McCall, Wallace, McDugle,
Phillips, and West (Kevin)
of the House
and
Treat of the Senate
An Act relating to public funds; creating the
Statewide Recovery Fund; establishing fund
characteristics; limi ting appropriations and transfer
authority; requiring certain deposits of certain
monies; providing exception ; directing deposits of
certain interest and income to certain fund;
providing for codification; and declaring an
emergency.
SUBJECT: Public funds
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 255 of Title 62, unless there is
created a duplication in numbering, reads as follows:
A. There is hereby created in the State Treasury a special fund
to be designated the "Statewide Recovery Fund". Said fund shall be
subject to legislative appropriation or transfer as provided by law
and shall consist of :
1. All such monies as the Legislature may direct to be
appropriated or transferred to said fund; and
2. All such monies received by the state after the effective
date of this act pursuant to the American Rescue Plan Act of 2021,
Public Law No. 117-2, Section 604 "Coronavirus Capital Projects ENR. H. B. NO. 3349 Page 2
Fund" and Section 9901 "Coronavirus State and Local Recovery Funds ",
less and except the funds dedic ated to the Nonentitlement Units of
Local Government as described in the American Rescue Plan Act of
2021.
B. Notwithstanding any pr ovision of law to the contrary, all
interest and income der ived from deposits to the Statewide Recovery
Fund shall be credited to the Statewi de Recovery Fund.
SECTION 2. It being immediately necessary for the preserv ation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
ENR. H. B. NO. 3349 Page 3
Passed the House of Representatives the 18th day of May, 2022.
Presiding Officer of the House
of Representatives
Passed the Senate the 18th day of May, 2022.
Presiding Officer of the Senate
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, a t _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _____ ____
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________