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HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
ENGROSSED SENATE
BILL NO. 1338 By: Thompson (Roger) of the
Senate
and
Wallace of the House
[ Progressing Rural Economic Prosperity Fund -
Revolving Fund - codification - effective date -
emergency ]
BE IT ENACTED BY THE PEOPLE OF THE STA TE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 256.1 of Title 62, u nless there
is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund
for the Oklahoma Department of Commerce to be designated the
“Oklahoma Department of Commerce Progressing Rural Economic
Prosperity Revolving Fund ”. The fund shall be a continuing fund ,
not subject to fiscal year limitations, an d shall consist of all
monies appropriated to the Department from the Progressing Rural
Economic Prosperity Fund established in Section 256 of Title 62 of
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the Oklahoma Statutes. All monies accruing to the credit of the
fund are hereby appropriated and may be budgeted and expended by the
Department for the purpose provided for in this section.
Expenditures from the fund shall be made upon warrants issue d by the
State Treasurer against claims filed as prescribed b y law with the
Director of the Office of Man agement and Enterprise Services for
approval and payment.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 256.2 of Title 62, unless there
is created a duplication in numbering, reads as fol lows:
There is hereby created in the State Treasury a revolving fund
for the Oklahoma Space Industry Development Authority to be
designated the “Oklahoma Space Industry Development Authority
Progressing Rural Eco nomic Prosperity Revolving Fund ”. The fund
shall be a continuing fund, not subject to fiscal year limitations,
and shall consist of all monies appropriated to the Authority from
the Progressing Rural Economic Prosperity Fund established in
Section 256 of Title 62 of the Oklahoma Statutes. All moni es
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Authority for the purpose provided
for in this section. Expenditures from the fund shall be made upon
warrants issued by the State Treasurer against clai ms 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 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 256.3 of Title 62, unless there
is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund
for the Oklahoma Department of Aerospace and Aeronautics to be
designated the “Oklahoma Department of Aerospace and Aer onautics
Progressing Rural Economic Prosperity Revolving Fund ”. The fund
shall be a continuing fund, not subject to fiscal year limitations,
and shall consist of all monies appropriated to the Department from
the Progressing Rural Economic Prosperity Fund established in
Section 256 of Title 62 of the Oklahoma Statutes. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Department for the purpose provided
for in this section. 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.
SECTION 4. This act shall become effe ctive 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 shal l take effect and
be in full force from and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET, dated
04/11/2024 - DO PASS, As Amended.