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SENATE FLOOR VERSION
April 18, 2024
COMMITTEE SUBSTITUTE
FOR ENGROSSED
HOUSE BILL NO. 3683 By: Kannady and Luttrell of the
House
and
Hall of the Senate
[ Oklahoma Department of Commerce - Program -
expenses - location - financing - reports - Revolving
Fund - budgeting and expenditure - codification -
effective date -
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 Se ction 5062.41 of Title 74, unless
there is created a duplication in numbering, reads as follows:
This act shall be known and may be cited as the “Defense
Workforce Grant Program ”.
SECTION 2. NEW LAW A new section of law to be codifi ed
in the Oklahoma Statutes as Section 5062.42 of Title 74, unless
there is created a dup lication in numbering, reads as follows:
A. There is hereby created the Defense Workforce Grant Program
which shall be administered by the Oklahoma Department of Commerce.
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B. The program shall increase the workforce in this state,
specifically the workforce dedicated to federal defense contract
work. The program shall help provide gap financing to two or more
companies actively working with the United States Departme nt of
Defense or any United States Military Branch to expand current
contracts or secure new contracts for new work.
C. Grant funds may only be used for equipment, supplies, and
training necessary to expand operations in response to requests from
the United States Department of Defense or any United States
Military Branch. Grant funds shall not be used for renewal of
contracts with the United States Department of Defense or any United
States Military Branch.
D. The location of the work to be provided through the program
shall be in a county of the state with a population of less than
seventy-five thousand (75,000) people according to the most recent
Federal Decennial Census . The applying company shall have available
other sources of funding dedicated to helping finance the new
project or the expansion of an existing project.
E. Beginning July 1, 2025, the Oklahoma Department of Commerce
shall electronically provide an annual report to the Governor, the
Speaker of the House of Representatives, the Preside nt Pro Tempore
of the Senate, the Appropriations and Budget Chair of the House of
Representatives, and the Appropriations Chair of the Senate that
includes, but is not limited to, the number of awards that have been
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granted, the percentage of those funds t hat have been expended, and
the increased number of employees that have been hired by awardees.
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 5062.43 of Title 74, unless
there is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasu ry a revolving fund
for the Oklahoma Department of Commerce to be designated the
“Defense Workforce Grant Program Revolving Fund ”. The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of all monies received by the Department from
appropriations, donations, grants, or other sources of funding
specifically designated for deposit to the Defense Workforce Grant
Program Revolving Fu nd. All monies accruing to the credit of the
fund are hereby appropriated and may be bud geted and expended by the
Department for the purpose of the Defense Workforce Grant Program.
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. The Department may retain one percent (1%) of
all funds otherwise deposited to the fund to cover administ rative
costs related to the Defense Workforce Grant Program.
SECTION 4. This act shall become effective July 1, 2024.
SECTION 5. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
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declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
April 18, 2024 - DO PASS AS AMENDED BY CS