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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
SENATE BILL 942 By: Haste
AS INTRODUCED
An Act relating to aeronautics technology; creating
the Oklahoma Aircraft Engine Testin g Development
Grant Program; providing short title; allowing
certain commission to oversee certain grant program;
providing entities eligible to receive grant monies;
providing certain conditions certain entities must
meet to be eligible for grant program; stating
conditions to be eliminated from considera tion;
directing certain director to promulgate rules an d
procedures of Program; creating Oklahoma Aircraft
Engine Testing Development Grant Program Revolving
Fund; making an appropriation; providing for
codification; providing an effective date; and
declaring an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 501 of Title 3, unless there is
created a duplication in numbering, reads as follows:
This act shall be known and may be cited as the “Oklahoma
Aircraft Engine Testing Development Grant Program”.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 502 of Title 3, unless there is
created a duplication in numb ering, reads as follows:
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A. There is hereby created within the Oklahoma Aeronautics
Commission, the Oklahoma Aircraft Engine Testing Development Grant
Program to offer financial assistance by gran t to private or public
entities for the purpose of augmenting the aircraft engine testing
capabilities of this state and developing aircraft engine testing
infrastructure. Grant funding shall be administe red based on merit
and the potential for a specific project to enhance the aviation and
aerospace industry of this state. A grant under this program shall
be a one-time award.
B. Public, private, and nonprofit entities within Oklahoma that
have sufficient financial and management capacity to complete the
requested project are eligible for funding under this program.
Applicants shall provide the foll owing information:
1. Airline or industry support as evidenced by a letter or
other communication directly from the entity stating its support for
the project;
2. The ability to provide a minimum of twenty percent (20%)
matching funds for the project;
3. Employment of at least three thousand (3,000) persons within
this state; and
4. A proposal summary that shall include any background
information or history with aircraft engine testing and development,
project description, timeline for completion of pro ject, and
estimated budget for the entire project.
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C. A grant agreement shall be required between the awar dee and
the Commission to provide for conditions of disbursement of grant
funds including obligation to repay funds if the terms of the
agreement are not met as well as p roviding ongoing quarterly reports
detailing activity related to the project .
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 503 of Title 3, unless there is
created a duplication in numb ering, reads as follows:
There is hereby created in the State Treasur y a revolving fund
for the Oklahoma Aeronautics Commission to be desig nated the
“Oklahoma Aircraft Engine Testing Development Grant Program
Revolving Fund”. The fund shall be a continuing fund, not subject
to fiscal year limitations, and shall consist of a ll monies received
by the Oklahoma Tax Commission which are specifica lly required by
law to be deposited in the fund, any public or private donations,
contributions and gifts received for the benefit of the fund, and
any amounts appropriated by the Legislature. All monies accruing to
the credit of the fund are hereby appropriated and may be budgeted
and expended by the Oklahoma Aeronautics Commission for the purpose
of funding grants as provided in this act. Expenditures from the
fund shall be made upon warrants issued by the State Treasurer
against claims filed as prescribed by law with the Director of the
Office of Management and Enterprise Services for approval and
payment.
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SECTION 4. There is hereby appropriated to the Oklahoma
Aircraft Engine Testing Development Grant Program Revolving Fund the
sum of Twenty Million Dollars ($20,000 ,000.00) or so much thereof as
may be necessary to carry out the purpose of the Fund.
SECTION 5. This act shall become effect ive July 1, 2023.
SECTION 6. It being immediately necessary for th e preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof thi s act shall take effect and
be in full force from and af ter its passage and approval.
59-1-1085 KR 1/19/2023 11:07:36 AM