Req. No. 1121 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 58th Legislature (2021) SENATE BILL 749 By: Allen AS INTRODUCED An Act relating to wind energy; providing a fee for commercial wind energy equipment; providing date for payment of fee; providing interes t penalty for delinquent payments; requiring the Corporation Commission to deposit fee and penalty revenue in the Education Reform Revol ving Fund; providing for codification; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE ST ATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 160.23 of Title 17, unless there is created a duplication in nu mbering, reads as follows: A. Beginning January 1, 2022, the re shall be a fee of one cent ($0.01) per kilowatt of total nameplate gener ating capacity for commercial wind energy equipment, as defined pursuant to Section 160.13 of Title 17 of the Oklaho ma Statutes. The fee shall be paid to the Corporation Commission on January 1, of each year by the owner of the commercial wind en ergy equipment. B. All fees not paid on January 1 shall be considered delinquent and the Corporation Commission shall a ssess a penalty to be paid by owners of commercial wind energy equipme nt of one percent Req. No. 1121 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 (1%) of the total amount due on the last day of each month until the fee is paid. C. All fee revenues and penalty interest collected by the Corporation Commission purs uant to subsections A and B of this section shall be deposited in the Education Reform Revolving Fund of the State Department of Education. SECTION 2. This act shall become effective November 1, 2021. 58-1-1121 QD 1/21/2021 1:49:16 PM