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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
SENATE BILL 1393 By: Haste
AS INTRODUCED
An Act relating to the Oklahoma Department of
Aerospace and Aeronautics; creating the Long-Term
Aerospace and Aeronautics Infrastructure
Sustainability Revolving Fund; placing the fund
within the Oklahoma Department of Aerospace and
Aeronautics; authorizing budgeting and expenditure of
funds for certain purposes; requiring t he monthly
report of balance and encumbrances of fund; providing
for codification; and declaring an emergency .
BE IT ENACTED BY THE P EOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 415 of Title 3, unless there is
created a duplication 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 “Long-Term Aerospace and Aeronautics Infrastructure
Sustainability Revolving Fund”. The fund shall be a continuing
fund, not subject to f iscal year limitations, and shall consist of
all monies received by the Department from ap propriations designated
for the purpose of construction, maintenance, or other capital
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projects. The Director of the Oklahoma Department of Aerospace and
Aeronautics shall, at the end of each month, provide a current
balance and statement of encumbrances of the fund to the Chair of
the Senate Appropriations Committee and the Chair of the Ho use of
Representatives Appropriations and Budget Committee. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Oklahoma Department of Aerospace and
Aeronautics for the sole 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 Enterprise Services for
approval and payment.
SECTION 2. 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.
59-2-2596 MSBB 12/15/2023 2:22:50 PM