Oklahoma House Bill HB2313

Oklahoma 2023 Regular Session

• Introduced: 2/6/23
• Refer: 2/7/23
• Refer: 2/20/23

Caption

Water and water rights; Oklahoma Water Resources Board; revolving fund; effective date; emergency.

Impact

Upon approval, this bill will directly influence state regulations concerning water resources and municipal financing. The creation of the revolving fund allows for ongoing revenue generation which includes appropriations, dedicated revenues, and fees collected by the Oklahoma Water Resources Board. This new source of funding is anticipated to provide critical support to local governments, ensuring they can undertake necessary flood control initiatives that might otherwise be unaffordable.

Summary

House Bill 2313 focuses on establishing a revolving fund under the Oklahoma Water Resources Board, specifically designated as the 'Oklahoma Water Resources Board Business Development Revolving Fund'. The main purpose of this fund is to facilitate financial support for municipalities, aiding them in addressing flood control measures that are tied to authorized economic development projects. The bill argues that such funding will enhance regional infrastructure in a manner that supports both economic growth and public safety.

Contention

While the bill lacks explicit opposition in the provided documents, discussions around water resource management and development typically raise concerns regarding fiscal responsibility, environmental impact, and the extent of state versus local authority. Stakeholders may debate the adequacy of funding mechanisms, with some arguing for a more diversified approach to ensure that financial support does not disproportionately favor certain areas or developments over others. Additionally, the emergency declaration in the bill indicates a sense of urgency that may prompt scrutiny regarding its necessity and implications for longer-term planning.