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SENATE FLOOR VERSION
February 28, 2024
COMMITTEE SUBSTITUTE
FOR
SENATE BILL NO. 1391 By: Rogers, Gollihare, Rader,
Pemberton, Dossett, and
Coleman of the Senate
and
Hilbert, Marti, May,
Fetgatter, and Sims of the
House
[ Oklahoma Water Resour ces Board - Revolving Fund -
codification - effective date -
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 1085.7D of Title 82, unless
there is created a duplication in numbering, reads as follows:
A. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Water Resources Board to be designated the
“Arkansas River Levee Improvement Revolving F und”. The fund shall
be a continuing fund, not subject to fiscal year lim itations, and
shall consist of all monies received by the Oklahoma Water Resources
Board from legislative appropriations provided for the purpose of
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providing levee improvements and matching funds for levee projects
along the Arkansas River . All monies accruing to the credit of the
fund are hereby appropriated and may be budgeted and expended by the
Oklahoma Water Resources Board 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 En terprise
Services for approval and payment.
B. Notwithstanding any other provision of law, income and
earnings on the fund shall accrue to the fund and may be used for
the purposes provided for in this section .
SECTION 2. This act shall become effective July 1, 2024.
SECTION 3. It being immediately necessary for the 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 APPROPRI ATIONS
February 28, 2024 - DO PASS AS AMENDED BY CS