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SENATE FLOOR VERSION
February 28, 2024
COMMITTEE SUBSTITUTE
FOR
SENATE BILL NO. 1358 By: Pugh
[ workforce development - Revolving Fund - workforce
needs - codification - effective date -
emergency ]
BE IT ENACTED BY THE PEOPLE OF THE STATE OF O KLAHOMA:
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
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
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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 h igh demand and are
projected to have positive future growth.
SECTION 2. This act shall become effective July 1, 2024.
SECTION 3. 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 effect and
be in full force from and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
February 28, 2024 - DO PASS AS AMENDED