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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
SENATE BILL 1162 By: Thompson (Roger) and Hall
of the Senate
and
Wallace and Martinez of the
House
AS INTRODUCED
An Act relating to appropriations; making an
appropriation to the Oklahoma Department of Commerce;
stating purpose; providing lapse dates; requiring an d
prohibiting certain budget procedures; and declaring
an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. There is hereby appropriated to the Oklahoma
Department of Commerce from any monies not otherwise appropriated
from the General Revenue Fund of the State Treasu ry for the fiscal
year ending June 30, 2024, th e sum of One Hundred Thousand Dollars
($100,000.00) or so much thereof as may be necessary to perform the
duties imposed upon the Oklahoma Department of Commerce by law.
SECTION 2. Appropriations made by this act, not including
appropriations made for capital outlay purposes, may be budge ted for
the fiscal year ending June 30, 2024 (hereafter FY -24), or may be
budgeted for the fiscal year ending June 30, 2025 (hereafter F Y-25).
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Funds budgeted for FY -24 may be encumbered only through June 3 0,
2024, and must be expended by November 15, 2024 . Any funds
remaining after November 15, 2024, and not budgeted for FY -25, shall
lapse to the credit of the proper fund for the then cu rrent fiscal
year. Funds budgeted for FY-25 may be encumbered only th rough June
30, 2025. Any funds remaining after No vember 15, 2025, shall lapse
to the credit of the proper fund for the then current fiscal year.
These appropriations may not be budgete d in both fiscal years
simultaneously. Funds budgeted in FY -24 and not required to pay
obligations for that fiscal year , may be budgeted for FY -25, after
the agency to which the funds have been appropriated has prepared
and submitted a budget work program revision removing these funds
from the FY-24 budget work program and after such revision has been
approved by the Offic e of Management and Enterprise Services.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emerg ency is hereby
declared to exist, by r eason whereof this act shall take effect and
be in full force from and after its passage and approval.
59-1-1828 JC 2/20/2023 11:31:55 AM