Oklahoma 2024 Regular Session

Oklahoma House Bill HB2912

Introduced
4/24/23  
Refer
4/25/23  
Report Pass
5/13/24  
Engrossed
5/14/24  
Enrolled
5/16/24  

Caption

Emergency management; creating the State Assistance Dedicated for Disaster-impacted Local Economies Revolving Fund; funds appropriated; expenditure procedures; emergency.

Impact

If enacted, HB2912 will streamline the financial support available to local governments in the wake of FEMA-declared disasters. The creation of this revolving fund is designed to address gaps in funding for local governments, thereby ensuring that they can maintain operations and support their communities more effectively after a disaster. Additionally, the bill stipulates that funds will be appropriated without being subject to fiscal year limitations, granting flexibility in financial management for local agencies.

Summary

House Bill 2912 aims to create a 'State Assistance Dedicated for Disaster-impacted Local Economies Revolving Fund' within the Oklahoma Department of Emergency Management. This fund is intended to provide financial assistance to local governmental subdivisions affected by emergencies or disasters declared by FEMA. The purpose of this fund is to improve the liquidity of local economies impacted by federal disasters, enabling quicker recovery and maintenance of local infrastructures like roads, water facilities, and temporary housing.

Sentiment

The sentiment surrounding HB2912 appears to be largely positive among lawmakers, as the bill passed unanimously in the Senate with a vote of 39-0. Proponents see this legislation as a critical step in enhancing disaster recovery efforts and supporting local economies during trying times. The bipartisan support indicates recognition of the importance of having robust emergency management tools in place.

Contention

Despite the clear benefits noted, there may be concerns regarding the parameters for accessing these funds, specifically the definition of a 'qualifying repayment agreement' that local governments must enter into. Some legislators and community advocates might argue that the stipulations for repayments could limit accessibility for smaller municipalities, hindering their ability to recover fully. The need for balance in fund utilization criteria may emerge as a point of discussion during implementation.

Companion Bills

OK HB2912

Carry Over Appropriations and Budget; Budget Implementation Act of 2023; effective date.

Previously Filed As

OK HB1017

Department of Emergency Management and Homeland Security; creating the Emergency Relief and Impacts Grant Program; establishing Emergency Relief and Imipacts Revolving Fund; emergency.

OK HB2943

State Department of Health; making appropriations; source; amount; creating special accounts; funds; rules and procedures; emergency.

OK HB2065

Pediatric cancer; creating the Pediatric Cancer Research and Resources Revolving Fund; utilization of funds; expenditures; requiring promulgation of rules; effective date; emergency.

OK HB1019

Oklahoma Department of Commerce; making appropriation to certain revolving fund; source; amount; requiring and limiting expenditure for certain purposes; emergency.

OK SB532

Higher education; creating the Workforce Development Revolving Fund; providing for award of funds. Effective date. Emergency.

OK HB1627

Appropriations; Oklahoma Department of Commerce; Tulsa Race Massacre; revolving fund; effective date; emergency.

OK HB1777

Court funds; court clerk's revolving fund; deleting fee amount; eliminating reference to District Court Revolving Fund; effective date; emergency.

OK SB22

Oklahoma Historical Society; creating the Oklahoma Museum of Popular Culture Supplemental Revolving Fund; stating source of funds. Emergency.

OK HB2903

School security; creating a pilot program known as the School Resource Officer Program; Directing State Board of Education to administer; training; creating the School Security Revolving Fund; expenditures; effective date; emergency.

OK HB1016

Oklahoma Route 66 Commission; commission membership; Route 66 Commission Revolving Fund; modifying procedures; emergency.

Similar Bills

No similar bills found.