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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
COMMITTEE SUBSTITUTE
FOR
SENATE BILL 1358 By: Pugh
COMMITTEE SUBSTITUTE
An Act relating to workforce development; creating
the Workforce Development Revolving Fund; specifying
source of fund; providing for expenditu res; providing
purpose of fund; directing the Oklahoma Workforce
Commission to identify certain workforce needs;
making an appropriation to the Workforce Development
Revolving Fund; providing for codificati on; providing
an effective date; and declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKL AHOMA:
SECTION 1. NEW LAW A new section of law to be codifi ed
in the Oklahoma Statutes as Section 905 of Title 40, unless there is
created a duplication in numb ering, reads as follows:
A. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Workforce Commission to be designated the
“Workforce Development Revolving Fund”. The fund shall be a
continuing fund, not subject to fiscal year limita tions, and shall
consist of all monies received by the Oklahoma Workforce Commission
from state appropriations provided for the purpose of increasing the
number of degrees, licenses, certificates, and other credentials
granted to fulfill workforce needs identified pursuant to subsection
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B of this section. All monies accruing to the credit of the fund
are hereby appropriated and may be budgeted and expended by the
Oklahoma Workforce Co mmission for the purpose provided for in this
subsection. 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.
B. The Oklahoma Workforce Commission shall identify workforce
needs in critical occupation areas that are in high demand and are
projected to have positive future growth.
SECTION 2. There is hereby appropriated to the Workforce
Development Revolving Fund created pursuant to Section 1 of this act
from any monies not otherwise appropriated from the General Revenue
Fund of the State Treasury for the fiscal year ending June 30, 2023,
the sum of Two Hundred Million Dollars ( $200,000,000.00) or so much
thereof as may be necessary fo r the purpose provided for in Section
1 of this act.
SECTION 3. This act shall become effective July 1, 2024.
SECTION 4. It being immediately necessary for th e preservation
of the public peace, health, or safety, an emergency is hereby
declared to exist, by reason whereof thi s act shall take effe ct and
be in full force from and after its passage and approval.
59-2-3524 EB 2/20/2024 11:44:14 AM