An Act (1ST EXTRAORDINARY SESSION) ENROLLED HOUSE BILL NO. 1025 By: Wallace and Martinez of the House and Thompson (Roger) and Hall of the Senate An Act relating to transportation; amending 69 O.S. 2021, Section 1913, which relates to the R ural Economic Transportation Reliability and Optimization Fund; modifying population limitation ; and providing an effective date. SUBJECT: Transportation BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLA HOMA: SECTION 1. AMENDATORY 69 O.S. 2021, Section 1913, is amended to read as follows: Section 1913. There is hereby established a fund within the State Treasury to be known as the "Rural Economic Transportation Reliability and Optimization Fun d" to be administered by the Oklahoma Department of Transportation. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of any general revenues as may be dir ectly appropriated or otherwise provided by law. Any monies appropriated to the Rural Economic Transportation Reliability and Optimization Fund shall n ot result in a decrease in historic and traditional total state transportat ion funding levels or be used to supplant or replace existing state funds used for transportation purposes. In order to ensure that the funds from the Rural Economic Transportation Reliability and Optimization Fund are used to enhance ENR. H. B. NO. 1025 (1ST EX. SESS.) Page 2 and not supplant stat e funding for the Department o f Transportation, the State Board of Equalization shall examine and investigate the funding levels as described. At the meeting of the State Board of Equalization held within five (5) days after the monthly apportionment in February of each year, the Stat e Board of Equalization shall issue a finding and repor t which shall state whether expenditures from the Rural Economic Transportation Reliability and Optimization Fund were used to enhance or supplant state funding for the De partment of Transportation. I f the State Board of Equalization finds that state fund ing for the Department of Transportation was supplanted by funds from the Rural Economic Transportation Reliability and Optimization Fund, the Board shall specify the amount by which such funding was s upplanted. In this event, the Legislature shall not ma ke any appropriations for the ensuing fiscal year until an appropriation in that amount is made to replenish state funding for the Department of Transportation. All monies accruing to the credit of the Rural Economic Transportation Reliability and Optimiza tion Fund are hereby appropriated and shall be used to assist the Department in the equitable prioritization of construction, repair and maintenance of state highways in rural areas where robust econom ic development has resulted in traffic safety and circu lation difficulties attributed to significant and unanticipated increases in traffic volumes and as fully recorded and documented by the Department. "Robust economic development", as used in this act, shall mean those conditions of the highways of this st ate in counties with a population of less than fifty thousand (50,000) seventy-five thousand (75,000) where traffic volumes have increased to become so impaired or hazardo us as to constitute a threat t o the safety of persons or property traveling over or upon such highways. When such traffic conditions as described may arise in rural areas, the Department of Transportation shall e ngage the Oklahoma Department of Commerce, t he Oklahoma Tax Commission or other agencies or entities of the state, as necessary, to confirm the relationship of traffic conditions to robust economic development. Once said relationship is confirmed and docu mented, the Department of Transportation may utilize any proceeds from the Rural Economic Transportation Reliability and Optimiza tion Fund in an amount not to exceed fifty percent (50%) of the total project costs to incentivize and leverage the acceleratio n and prioritization of improvement projects existing in or to be incorpor ated into the Department's Eight-Year Construction Work Plan. ENR. H. B. NO. 1025 (1ST EX. SESS.) Page 3 SECTION 2. This act shall become effective November 1, 2023. ENR. H. B. NO. 1025 (1ST EX. SESS.) Page 4 Passed the House of Representatives the 24th day of May, 2023. Presiding Officer of the House of Representatives Passed the Senate the 26th day of May, 2023. Presiding Officer of the Senate OFFICE OF THE GOVERNOR Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ 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 Se cretary of State this __________ day of ___________________, 20_______, at _______ o'clock _______ M. By: _________________________________