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ENGROSSED SENATE
BILL NO. 1372 By: Haste of the Senate
and
Hilbert of the House
An Act relating to aeronautics technology; creating
the Oklahoma Aircraft Engine Testing Development
Grant Program; providing short title; allowing
certain department to oversee certain grant program;
providing entities eligible to receive grant monies;
providing certain conditions certain entities must
meet to be eligible for grant programs; stating
conditions necessary for consideration; requiring
certain written agreement; creating the Oklahoma
Aircraft Engine Testing Development Grant Program
Revolving Fund; providing for codification; providing
an effective date; and declaring an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 501 of Title 3, unless there is
created a duplication in numbering, reads as follows:
This act shall be known and may be cited as the “Oklahoma
Aircraft Engine Testing Development Grant Program ”.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 502 of Title 3, unless ther e is
created a duplication in numbering, reads as follows:
A. There is hereby created, within the Oklahoma Department of
Aerospace and Aeronautics , the Oklahoma Aircraft Engine Testing
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Development Grant Program to offer financial assistance by grant to
private or public entities for the purpose of expanding the aircraft
engine testing capabilities of this state and developing aircraft
engine testing infrastructure. Grant funding shall be administered
based on the potential for a specific project to enhanc e the
aviation and aerospace industry of this state. A grant under this
program shall be a one -time award.
B. Public, private, and nonprofit entities within this state
that have sufficient financial and management capacity to complete
the requested project are eligible for funding under this program.
Applicants shall provide t he following information:
1. Airline or industry support as evidenced by a letter or
other communication directly from the entity stating its support for
the project;
2. The ability to provide a minimum of forty percent (40%)
matching funds for the proje ct; and
3. A proposal summary that shall include any background
information or history with aircraft engine testing and development,
project description, timeline for completion of project, and
estimated budget for the entire project.
C. A grant agreement shall be made between any awardee and the
Department. The grant agreement shall provide for the conditions of
disbursement, shall include a provision requiring the repayment of
awarded funds if the terms are not met, and shall include a
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requirement for awardees to provide ongoing quarterly reports
detailing activity related to the project.
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 503 of Title 3, unless there is
created a duplicatio n 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 Aircraft Engine Testing Development Grant
Program Revolving Fund ”. The fund shall be a continuing fund, not
subject to fiscal year limitations, and shall consist of all monies
received by the Department from all monies received by any public or
private donations, contributions, and gifts received for the benefit
of the fund, and any amounts appropriated by the Legislature,
provided for the purpose of funding grants as provided in this act.
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 act. 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 effective July 1, 2024.
SECTION 5. It being immediately necessary for the preservation
of the public peace, health or sa fety, an emergency is hereby
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declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
Passed the Senate the 11th day of March, 2024.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2024.
Presiding Officer of the House
of Representatives