Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB1222 Compare Versions

Only one version of the bill is available at this time.

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53	53	STATE OF OKLAHOMA
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55	55	2nd Session of the 58th Legislature (2022)
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57	57	SENATE BILL 1222 By: Young
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63	63	AS INTRODUCED
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65	65	An Act relating to the Oklahoma Department of
66	66	Commerce; making an appropriation; statin g purpose;
67	67	providing an effective date; and declar ing an
68	68	emergency.
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73	73	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
74	74	SECTION 1. There is hereby appropriated to the Oklahoma
75	75	Department of Commerce from any monies not otherwise appropriated
76	76	from the General Revenue Fund o f the State Treasury for the fiscal
77	77	year ending June 30, 2 023, the sum of Thirteen Million Seven Hundred
78	78	Fifty Thousand Dollars ($13,750,000.00) or so much thereof as may be
79	79	necessary for the purpose of encouraging entrepreneurship in urban,
80	80	underserved communities. Funds will be used for developing plans
81	81	and for other pre-construction costs that support commercial
82	82	property development to be leased to local and minority owned
83	83	businesses that address the lack of retail offerings that the
84	84	community needs.
85	85	SECTION 2. This act shall become effective July 1, 202 2.
86	86	SECTION 3. It being immediately necessary for the preservation
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138	138	of the public peace, health or safety, an emergency is hereby
139	139	declared to exist, by reason whereof this act shall take ef fect and
140	140	be in full force from and after its passage and approval.
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142	142	58-2-2550 AC 1/7/2022 3:15:00 PM