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ENGROSSED SENATE
BILL NO. 1391 By: Rogers, Gollihare, Rader,
Pemberton, Dossett,
Coleman, and Bullard of the
Senate
and
Hilbert, Marti, May,
Fetgatter, and Sims of the
House
[ Oklahoma Water Resources Board - Revolving Fund –
appropriation - 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 Fund ”. 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
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
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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 Treasu rer against claims filed as prescribed by
law with the Director of the Office of Management and Enterprise
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. There is hereby appropriated to the Oklahoma Water
Resources Board from any monies not otherwise appropriated from the
General Revenue Fund of the State Treasury for the fisc al year
ending June 30, 2023, the sum of Fifty Million Dollars
($50,000,000.00) or so much thereof as may be necessary to perform
the duties imposed upon the Board by law.
SECTION 3. This act shall become effective July 1, 2024.
SECTION 4. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval .
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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