31 | 55 | | Section 1913. There is hereby established a fund within the |
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32 | 56 | | State Treasury to be known as the "Rural Economic Transportation |
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33 | 57 | | Reliability and Optimization Fun d" to be administered by the |
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34 | 58 | | Oklahoma Department of Transportation. The fund shall be a |
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35 | 59 | | continuing fund, not subject to fiscal year limitations, and shall |
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36 | 60 | | consist of any general revenues as may be dir ectly appropriated or |
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37 | 61 | | otherwise provided by law. |
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47 | 95 | | and not supplant stat e funding for the Department o f Transportation, |
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48 | 96 | | the State Board of Equalization shall examine and investigate the |
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49 | 97 | | funding levels as described. At the meeting of the State Board of |
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50 | 98 | | Equalization held within five (5) days after the monthly |
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51 | 99 | | apportionment in February of each year, the Stat e Board of |
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52 | 100 | | Equalization shall issue a finding and repor t which shall state |
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53 | 101 | | whether expenditures from the Rural Economic Transportation |
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54 | 102 | | Reliability and Optimization Fund were used to enhance or supplant |
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55 | 103 | | state funding for the De partment of Transportation. I f the State |
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56 | 104 | | Board of Equalization finds that state fund ing for the Department of |
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57 | 105 | | Transportation was supplanted by funds from the Rural Economic |
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58 | 106 | | Transportation Reliability and Optimization Fund, the Board shall |
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59 | 107 | | specify the amount by which such funding was s upplanted. In this |
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60 | 108 | | event, the Legislature shall not ma ke any appropriations for the |
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61 | 109 | | ensuing fiscal year until an appropriation in that amount is made to |
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62 | 110 | | replenish state funding for the Department of Transportation. |
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67 | 140 | | equitable prioritization of construction, repair and maintenance of |
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68 | 141 | | state highways in rural areas where robust econom ic development has |
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69 | 142 | | resulted in traffic safety and circu lation difficulties attributed |
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70 | 143 | | to significant and unanticipated increases in traffic volumes and as |
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71 | 144 | | fully recorded and documented by the Department. "Robust economic |
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72 | 145 | | development", as used in this act, shall mean those conditions of |
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73 | 146 | | the highways of this st ate in counties with a population of less |
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74 | 147 | | than fifty thousand (50,000) seventy-five thousand (75,000) where |
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75 | 148 | | traffic volumes have increased to become so impaired or hazardo us as |
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76 | 149 | | to constitute a threat t o the safety of persons or property |
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77 | 150 | | traveling over or upon such highways. |
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79 | 151 | | When such traffic conditi ons as described may arise in rural |
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80 | 152 | | areas, the Department of Transportation shall e ngage the Oklahoma |
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81 | 153 | | Department of Commerce, t he Oklahoma Tax Commission or other |
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82 | 154 | | agencies or entities of the state, as necessary, to confirm the |
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83 | 155 | | relationship of traffic condi tions to robust economic development. |
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84 | 156 | | Once said relationship is confirmed and docu mented, the Department |
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85 | 157 | | of Transportation may utilize any proceeds from the Rural Economic |
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86 | 158 | | Transportation Reliability and Optimiza tion Fund in an amount not to |
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87 | 159 | | exceed fifty percent (50%) of the total project costs to incentivize |
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88 | 160 | | and leverage the acceleratio n and prioritization of improvement |
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89 | 161 | | projects existing in or to be incorpor ated into the Department's |
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90 | 162 | | Eight-Year Construction Work Plan. |
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112 | | - | OFFICE OF THE GOVERNOR |
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113 | | - | Received by the Office of the Governor this ____________________ |
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114 | | - | day of ___________________, 20_______, at _______ o'clock _______ M. |
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115 | | - | By: _________________________________ |
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116 | | - | Approved by the Governor of the State of Oklahoma this _________ |
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117 | | - | day of ___________________, 20_______, at _______ o'clock _______ M. |
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118 | | - | |
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119 | | - | |
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120 | | - | _________________________________ |
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121 | | - | Governor of the State of Oklahoma |
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122 | | - | |
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123 | | - | OFFICE OF THE SECRETARY OF STATE |
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124 | | - | Received by the Office of the Se cretary of State this __________ |
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125 | | - | day of ___________________, 20_______, at _______ o'clock _______ M. |
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126 | | - | By: _________________________________ |
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127 | | - | |
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