HB4196 HFLR Page 1 BOLD FACE denotes Committee Amendments. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 HOUSE OF REPRESENTATIVES - FLOOR VERSION STATE OF OKLAHOMA 2nd Session of the 58th Legislature (2022) HOUSE BILL 4196 By: Echols and Nollan AS INTRODUCED An Act relating to higher education; enacting the Needed Oklahoma Workers Act; creating a r evolving fund; designating funds for certain degree programs; directing the Oklahoma State Regents of Higher Education to administer the funds; providing for codification; and providing an effective date . 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 3235.1 of Title 70, unless there is created a duplication in numbering, reads as follows: This act shall be known and may be ci ted as the "Needed Oklahoma Workers Act". SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3235.2 of Title 70, unless there is created a duplication in numbering, reads as follows: There is hereby created in the State Treas ury a revolving fund for the Oklahoma State Regent s for Higher Education to be designated the "Needed Oklahoma Workers Fund". The fund shall be a continuing HB4196 HFLR Page 2 BOLD FACE denotes Committee Amendments. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 fund, not subject to fiscal year limitations, and shall consist o f monies received by the Oklahoma State Regents for Higher Education from state appropriations for the purpose of this fund. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the State Regents for the purpose of operating the Needed Oklahoma Workers Fund. SECTION 3. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3235.3 of Title 70, unless there is created a duplication in numbering, reads as fol lows: Universities within the Oklahoma State System of Higher Education shall receive one-third of the monies within the Needed Oklahoma Workers Fund for nursing students. The money shall be divided amongst the universities on a per enrolled nursi ng student basis. SECTION 4. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3235.4 of Title 70, unless there is created a duplication in numbering, reads as follows: Universities within the Oklahoma State System of Higher Education shall receive one-third of the monies within the Needed Oklahoma Workers Fund for engineering students. The money shall be divided amongst the universities on a per enrolled engineering student basis. HB4196 HFLR Page 3 BOLD FACE denotes Committee Amendments. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SECTION 5. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3235.5 of Title 70, unless there is created a duplication in numbering, reads as follows: Universities within the Oklahoma State System of Higher Education shall receive one-third of the monies within the Needed Oklahoma Workers Fund for students pursuing a teaching degree . The money shall be divided amongst the universities on a per enrolled teaching student basis. SECTION 6. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3235.6 of Title 70, unless there is created a duplication in numbering, reads as follows: The Oklahoma State Regents for Higher Education shall implement policies and procedures for the administrat ion of this act. SECTION 7. This act shall become effective November 1, 2022. COMMITTEE REPORT BY: COMMITTEE ON HIGHER EDUCATION AND CAREER TECH, dated 02/15/2022 - DO PASS, As Coauthored.