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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
COMMITTEE SUBSTITUTE
FOR ENGROSSED
SENATE BILL NO. 1287 By: Thompson (Roger) of the
Senate
and
Hilbert of the House
COMMITTEE SUBSTITUTE
An Act relating to the Progressing Rural Economic
Prosperity Fund; transferring and appropriating
funds; establishing amounts and sources; specifying
purpose; and providing for nonc odification.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAH OMA:
SECTION 1. NEW LAW A new section of law not to be
codified in the Oklahoma Statutes reads as follows:
The Director of the Office of Management and Enterprise Services
shall transfer on the effective date of this act the sum of One
Hundred Forty-five Million Dollars ($145,000,000.00) of the funds
appropriated to the Oklahoma Department of Commerce by Section 1 of
Enrolled House Bill No. 1038 of the 1st Extraordinary Session of the
59th Oklahoma Legislature to the Progressing Rural Economic
Prosperity Fund created in Section 256 of Title 62 of the Oklahoma
Statutes, to be budgeted and expended in acco rdance with law.
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SECTION 2. NEW LAW A new section of law not to be
codified in the Oklahoma Statutes reads as follows:
There is hereby appropriated to the Progressing Rural Economic
Prosperity Fund created in Section 256 of Title 62 of t he Oklahoma
Statutes from any monies not otherwise appropriated from the General
Revenue Fund of the State Treasury for the fisc al year ending June
30, 2024, the sum of One Hundred Five Million Dollars
($105,000,000.00) to be budgeted and expended in acco rdance with
law.
59-2-10865 JM 04/04/24