Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1399 Compare Versions

OldNewDifferences
1+
2+
3+Req. No. 3807 Page 1 1
4+2
5+3
6+4
7+5
8+6
9+7
10+8
11+9
12+10
13+11
14+12
15+13
16+14
17+15
18+16
19+17
20+18
21+19
22+20
23+21
24+22
25+23
26+24
27+
28+STATE OF OKLAHOMA
29+
30+2nd Session of the 59th Legislature (2024)
31+
32+CONFERENCE COMMITTEE SUBSTITUTE
33+FOR ENGROSSED
34+SENATE BILL 1399 By: Hall of the Senate
35+
36+ and
37+
38+ McBride, Wallace, and Deck
39+of the House
140
241
342
4-An Act
5-ENROLLED SENATE
6-BILL NO. 1399 By: Hall and Kirt of the Senate
743
8- and
9-
10- McBride, Wallace, Deck,
11-Munson, and Hefner of the
12-House
13-
14-
44+CONFERENCE COMMITTEE SUBSTITUTE
1545
1646 An Act relating to state property; creating the
1747 Oklahoma Capital Assets Maintenance and Protection
1848 Act; providing short title; creating the Oklahoma
1949 Capital Assets Maintenance and Protection Fund;
2050 establishing revolving fund characteristics;
2151 authorizing and limi ting allocation, budgeting, and
2252 expenditure of funds; requiring certain budgeting and
2353 expenditure procedures; authorizing entry in to
2454 memoranda of understanding; limiting memoranda of
2555 understanding; clarifying legal application;
2656 authorizing certain authority re lated to real and
2757 personal property acquisition, improvement, and
2858 disposition; requiring certain reporting;
2959 establishing reporting criteria; limiting allocation
3060 for certain fiscal year; creating the Oklahoma
3161 Capital Assets Management and Protection Boa rd;
3262 providing for membership; establishing appointing
3363 authorities; providing for selection of Board
3464 leadership; providing for the development and
3565 adoption of the OCAMP Higher Education Five -Year
3666 Plan, the OCAMP Tourism and Recreation Five -Year
3767 Plan, and the OCAMP State Five-Year Plan; allocating
3868 monetary resources to such plans in certain
3969 proportions; requiring biennial update of plans by
4070 Board; requiring submission of certain reports
4171 electronically; providing for administrative
4272 assistance from the Office o f Management and
4373 Enterprise Services and the Oklahoma Capitol
4474 Improvement Authority; authorizing and limiting the
75+
76+Req. No. 3807 Page 2 1
77+2
78+3
79+4
80+5
81+6
82+7
83+8
84+9
85+10
86+11
87+12
88+13
89+14
90+15
91+16
92+17
93+18
94+19
95+20
96+21
97+22
98+23
99+24
100+
45101 utilization of funds directed by the Board; amending
46102 68 O.S. 2021, Section 1353, as last amended by
47-
48-ENR. S. B. NO. 1399 Page 2
49103 Section 2, Chapter 290, O.S.L. 2023 (68 O.S. S upp.
50104 2023, Section 1353), which relates to apportionment
51105 of sales tax revenues; providing for certain annual
52106 apportionment to the Oklahoma Capital Assets
53107 Maintenance and Protection Fund; providing for
54108 noncodification; providing for codification;
55109 providing an effective date; and declaring an
56110 emergency.
57111
58112
59113
60-SUBJECT: Oklahoma Capital Assets Maintenance and Protection Act
61114
62115 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
63-
64116 SECTION 1. NEW LAW A new section of law not to be
65117 codified in the Oklahoma Statutes reads as follows:
66-
67118 This act shall be known and may be cited as the “Oklahoma
68119 Capital Assets Maintenance and Protection Act ”.
69-
70120 SECTION 2. NEW LAW A new section of law to be codified
71121 in the Oklahoma Statutes as Section 188B of Title 73, unless there
72122 is created a duplication in numbering, reads as follows:
73-
74123 A. There is hereby created in the State Treasury a revolving
75124 fund for the Oklahoma Capito l Improvement Authority to be designated
76125 the “Oklahoma Capital Assets Maintenance and Protection Fund ” (OCAMP
77126 Fund). The fund sha ll be a continuing fund, not subject to fiscal
78127 year limitations, and shall consist of all monies received by the
79128 Oklahoma Capitol Improvement Authority eligible under law and
80129 directed for deposit to the fund. All monies accruing to the credit
81130 of the fund are hereby appropriated and , except for the transfer
82131 required pursuant to Enrolled Senate Bill No. 1125 of the 2nd
132+
133+Req. No. 3807 Page 3 1
134+2
135+3
136+4
137+5
138+6
139+7
140+8
141+9
142+10
143+11
144+12
145+13
146+14
147+15
148+16
149+17
150+18
151+19
152+20
153+21
154+22
155+23
156+24
157+
83158 Session of the 59th Oklahoma Legislature, may be allocated,
84159 budgeted, and expended by the Oklahoma Capitol Improvement Authority
85160 as directed by the Oklahoma Capital Assets Management and Protection
86161 Board created in Section 3 of this act. Such allocations,
87162 budgeting, and expenditures shall strictly adhere to the specific
88163 terms, limitations, purposes, and requirements described in the
89164 directive adopted by the Oklahoma Capital Assets Management and
90165 Protection Board. Expenditures from the fund shall be made upon
91-
92-ENR. S. B. NO. 1399 Page 3
93166 warrants issued by the State Treasurer against claims filed as
94167 prescribed by law with the Director of the Office of Management and
95168 Enterprise Services for approval and payment.
96-
97169 B. The Oklahoma Capitol Improvement Authority shall be
98170 authorized to enter into memoranda of understanding with agencies,
99171 departments, and subdivisions of the state as provided by law and as
100172 deemed necessary by the Authority to administer expenditures from
101173 and allocations and deposits to and from the Oklahoma Capital Assets
102174 Maintenance and Protection Fund, provided that such memoranda of
103175 understanding do not conflict with or impede the administration of
104176 capital projects specifically authorized by law or directed by the
105177 Oklahoma Capital Assets Management and Protection Board. Such
106178 memoranda of understanding shall not constitute a legal obligation
107179 of the State of Oklahoma .
108180
181+Req. No. 3807 Page 4 1
182+2
183+3
184+4
185+5
186+6
187+7
188+8
189+9
190+10
191+11
192+12
193+13
194+14
195+15
196+16
197+17
198+18
199+19
200+20
201+21
202+22
203+23
204+24
205+
109206 C. Limited to the extent required for project s specifically
110207 authorized under the provisions of this act, the Oklahoma Capitol
111208 Improvement Authority shall be authorized to:
112-
113209 1. Acquire real property together with improvements located
114210 thereon and personal property;
115-
116211 2. Provide for the construction of i mprovements to real
117212 property and to provide funding for repairs, refurbishments,
118213 deferred maintenance, and improvements to real and personal
119214 property;
120-
121215 3. Hold title to property and improvements as necessary to
122216 comply with legal directives and authorizatio ns; and
123-
124217 4. Lease, transfer, and otherwise legally dispose of property
125218 and improvements as necessary to comply with legal dire ctives and
126219 authorizations.
127-
128220 D. No later than January 15 annually, the Oklahoma Capitol
129221 Improvement Authority shall submit electron ically to the Governor,
130222 the President Pro Tempore of the Senate, the Speaker of the House of
131223 Representatives, the Chair of the Appropriations Committee of the
132224 Senate, and the Chair of the Appropriations and Budget Committee of
133225 the House of Representatives a report detailing impacts to the
134226 balance of the Oklahoma Capital Assets Maintenance and Protection
135-
136-ENR. S. B. NO. 1399 Page 4
137227 Fund occurring in the prio r calendar year, including, but not
138228 limited to, all distributions, expenditures, collections, and
229+
230+Req. No. 3807 Page 5 1
231+2
232+3
233+4
234+5
235+6
236+7
237+8
238+9
239+10
240+11
241+12
242+13
243+14
244+15
245+16
246+17
247+18
248+19
249+20
250+21
251+22
252+23
253+24
254+
139255 deposits of the Oklahoma Capital Assets Maintenance and Protection
140256 Fund.
141-
142257 E. No allocations shall be made by the Oklahoma Capital Assets
143258 Management and Protection Board from the Oklahoma Capital Assets
144259 Maintenance and Protection Fund in fiscal year 2025. Allocations
145260 made by the Board fr om the Fund shall not exceed Seventy -five
146261 Million Dollars ($75,000,000.00) in each fiscal year for fisc al
147262 years 2026 through 2 028.
148-
149263 SECTION 3. NEW LAW A new section of law to be codified
150264 in the Oklahoma Statutes as Section 188A of Ti tle 73, unless there
151265 is created a duplication in numbering, reads as follows:
152-
153266 A. There is hereby created the Oklahoma Capital Assets
154267 Management and Protection Board (OCAMP Board). The Board shall
155268 develop plans and adopt authorizations directing the Oklah oma
156269 Capitol Improvement Authority on the utilization of Oklahoma Capital
157270 Assets Maintenance and Protect ion Fund monies.
158-
159271 B. The Board shall consist of eleven (11) members to be
160272 appointed as follows:
161-
162273 1. Three members appointed by the President Pro Tempore of the
163274 Senate;
164-
165275 2. Three members appointed by the Speaker of the House of
166276 Representatives;
277+
278+Req. No. 3807 Page 6 1
279+2
280+3
281+4
282+5
283+6
284+7
285+8
286+9
287+10
288+11
289+12
290+13
291+14
292+15
293+16
294+17
295+18
296+19
297+20
298+21
299+22
300+23
301+24
167302
168303 3. Three members appointed by the Governor, at least one of
169304 whom shall have no less than ten (10) years of experience in the
170305 construction industry;
171-
172306 4. The Chancellor of Higher Education or a designee; and
173-
174307 5. The Executive Director of the Oklahoma Tourism and
175308 Recreation Department or a de signee.
176-
177309 C. The chair and vice chair of the Board shall be elected by
178310 the Board members at the first meeting of the Board and shal l
179-
180-ENR. S. B. NO. 1399 Page 5
181311 preside over meetings of the Board and perform other duties as may
182312 be required by the Board. The Board shall elect a chair and vice
183313 chair no less than once a calendar year.
184-
185314 D. 1. The Board shall develop and adopt the following five -
186315 year plans to provide for allocations and expenditures of the
187316 Oklahoma Capital Assets Maintenance and Protection Fund as f ollows:
188-
189317 a. the OCAMP Higher Education Five-year Plan, for the
190318 maintaining and repairing of state -owned properties
191319 and buildings of public institutions of higher
192320 learning,
193-
194321 b. the OCAMP Tourism and Recreation Five -year Plan, for
195322 the maintaining and repairing of properties and
196323 buildings of state parks operated by the Oklahoma
197324 Tourism and Recreation Department, and
198325
326+Req. No. 3807 Page 7 1
327+2
328+3
329+4
330+5
331+6
332+7
333+8
334+9
335+10
336+11
337+12
338+13
339+14
340+15
341+16
342+17
343+18
344+19
345+20
346+21
347+22
348+23
349+24
350+
199351 c. the OCAMP State Five-year Plan, for the ma intaining
200352 and repairing of all state -owned properties and
201353 buildings.
202-
203354 2. For fiscal years 202 6 through 2028, the Board shall allocate
204355 Oklahoma Capital Assets Maintenance and Protection Fund monies to
205356 such five-year plans in the following proportions:
206-
207357 a. the OCAMP Higher Education Five -year Plan shall be
208358 allocated forty-five percent (45%) of such monies.
209359 Twenty percent (20%) of those monies allocated shall
210360 be for comprehensive institutions of higher education
211361 within The Oklahoma State System of Higher Educa tion,
212362 fifty percent (50%) for all four-year colleges and
213363 universities except the University of Oklahoma located
214364 in Norman, Oklahoma, and Oklahoma State University
215365 located in Stillwater , Oklahoma, and thirty percent
216366 (30%) for two-year institutions of higher education
217367 within The Oklahoma State System of Higher Education .
218-
219368 b. the OCAMP Tourism and Recreation Five -year Plan shall
220369 be allocated ten percent (10%) of such monies, and
221-
222-
223-ENR. S. B. NO. 1399 Page 6
224370 c. the OCAMP State Five-year Plan shall be allocated
225371 forty-five percent (45%) of such monies.
226-
227372 E. The Board shall update each five-year plan no less often
228373 than biennially. Upon the adoption of such plans and upon each
229374 update to such plans, a report detailing such plans shall b e
375+
376+Req. No. 3807 Page 8 1
377+2
378+3
379+4
380+5
381+6
382+7
383+8
384+9
385+10
386+11
387+12
388+13
389+14
390+15
391+16
392+17
393+18
394+19
395+20
396+21
397+22
398+23
399+24
400+
230401 submitted by electronic means to the Governor, the President Pro
231402 Tempore of the Senate, and the Speaker of the House of
232403 Representatives.
233-
234404 F. The Office of Management and Enterprise Services, with the
235405 advice and assistance of the Oklahoma Capitol Improvement Authority,
236406 shall provide staffing for the Board and other such assistance as
237407 the Board may require.
238-
239408 G. The Board may direct the Oklahoma Capitol Improvement
240409 Authority to allocate, bu dget, and expend, either directly or under
241410 the terms of memoranda of understanding lawfully entered into with
242411 other state entities , monies from the Oklahoma Capital Assets
243412 Maintenance and Protection Fund on any project or item that has been
244413 included in an applicable five-year plan authorized under the
245414 provisions of this act for no less than one (1) year.
246-
247415 SECTION 4. AMENDATORY 68 O.S. 2021, Section 1353, as
248416 last amended by Section 2, Chapter 290, O.S.L. 2023 (68 O.S. Supp.
249417 2023, Section 1353), is amended to read as follows:
250-
251418 Section 1353. A. It is h ereby declared to be the purpose of
252419 the Oklahoma Sales Tax Co de to provide funds for the financing of
253420 the program provided for by the Oklahoma Social Security Act and to
254421 provide revenues for the support of the functions of the state
255422 government of Oklahoma, and for this purpose it is hereby expressly
256423 provided that, revenues derived pursuant to the provisions of the
257424 Oklahoma Sales Tax Code, subject to the apportionment requirements
425+
426+Req. No. 3807 Page 9 1
427+2
428+3
429+4
430+5
431+6
432+7
433+8
434+9
435+10
436+11
437+12
438+13
439+14
440+15
441+16
442+17
443+18
444+19
445+20
446+21
447+22
448+23
449+24
450+
258451 for the Oklahoma Tax Commission and Office of Management and
259452 Enterprise Services Joint Computer Enhancement Fund provided by
260453 Section 265 of this title, and further subject to the apportionment
261454 requirement provided in subsection D of this section , shall be
262455 apportioned as follows:
263-
264456 1. Except as provided in subsection C of this section, the
265457 following amounts shall be paid to the State Treasurer to be placed
266-
267-ENR. S. B. NO. 1399 Page 7
268458 to the credit of the General Revenue Fund to be paid out pursuant to
269459 direct appropriation by the Legislature:
270-
271460 Fiscal Year Amount
272-
273461 FY 2003 and FY 2004 86.04%
274-
275462 FY 2005 85.83%
276-
277463 FY 2006 85.54%
278-
279464 FY 2007 85.04%
280-
281465 FY 2008 through FY 2022 83.61%
282-
283466 FY 2023 through FY 2027 83.36%
284-
285467 FY 2028 and each fiscal year thereafter 83.61%;
286-
287468 2. The following amounts shall be paid to the State Treasurer
288469 to be placed to the credit of the Education Reform Revolving Fund of
289470 the State Department of Education:
290-
291471 a. for FY 2003, FY 2004 and FY 2005, ten and forty -two
292472 one-hundredths percent (10.42%),
293-
294473 b. for FY 2006 through FY 2020, ten and forty -six one-
295474 hundredths percent (10.46%),
296475
476+Req. No. 3807 Page 10 1
477+2
478+3
479+4
480+5
481+6
482+7
483+8
484+9
485+10
486+11
487+12
488+13
489+14
490+15
491+16
492+17
493+18
494+19
495+20
496+21
497+22
498+23
499+24
500+
297501 c. for FY 2021:
298-
299502 (1) for the month beginning J uly 1, 2020, through the
300503 month ending August 31, 2020, ten an d forty-six
301504 one-hundredths percent (10.46%), and
302-
303505 (2) for the month beginning September 1, 2020,
304506 through the month ending June 30, 2021, eleven
305507 and ninety-six one-hundredths percent (11.96%),
306-
307508 d. for FY 2022 and each fiscal year thereafter, ten and
308509 forty-six one-hundredths percent (10.46%);
309-
310-
311-ENR. S. B. NO. 1399 Page 8
312510 3. The following amounts shall be paid to the State Treasurer
313511 to be placed to the credit of the Teachers’ Retirement System
314512 Dedicated Revenue Revolving Fund:
315-
316513 Fiscal Year Amount
317-
318514 FY 2003 and FY 2004 3.54%
319-
320515 FY 2005 3.75%
321-
322516 FY 2006 4.0%
323-
324517 FY 2007 4.5%
325-
326518 FY 2008 through FY 2020 5.0%
327-
328519 FY 2021:
329-
330520 a. for the month beginning July
331521 1, 2020, through the month
332522 ending August 31, 2020 5.0%
333-
334523 b. for the month beginning
335524 September 1, 2020, through
525+
526+Req. No. 3807 Page 11 1
527+2
528+3
529+4
530+5
531+6
532+7
533+8
534+9
535+10
536+11
537+12
538+13
539+14
540+15
541+16
542+17
543+18
544+19
545+20
546+21
547+22
548+23
549+24
550+
336551 the month ending June 30,
337552 2021 3.5%
338-
339553 FY 2022 5.0%
340-
341554 FY 2023 through FY 2027 5.25%
342-
343555 FY 2028 and each fiscal year thereafter 5.0%;
344-
345556 4. a. except as otherwise provided in subparagraph b of this
346557 paragraph, for the fiscal year beginning July 1, 2022,
347558 and for each fiscal year thereafter, eighty -seven one-
348559 hundredths percent (0.87%) shall be paid to the State
349560 Treasurer to be further apportioned as follows:
350-
351561 (1) twenty-four percent (24%) shall be placed to the
352562 credit of the Oklahoma Tourism Promotion
353563 Revolving Fund, but in no event shall such
354-
355-ENR. S. B. NO. 1399 Page 9
356564 apportionment exceed Five Million Dollars
357565 ($5,000,000.00) in any fiscal year,
358-
359566 (2) forty-four percent (44%) shall be placed to the
360567 credit of the Oklahoma Touris m Capital
361568 Improvement Revolving Fund, but in no event shall
362569 such apportionment exceed Nine Million Dollars
363570 ($9,000,000.00) in any fiscal year, and
364-
365571 (3) thirty-two percent (32%) shall be placed to the
366572 credit of the Oklahoma Route 66 Commission
367573 Revolving Fund, but in no event shall such
368574 apportionment exceed Six Million Six Hundred
575+
576+Req. No. 3807 Page 12 1
577+2
578+3
579+4
580+5
581+6
582+7
583+8
584+9
585+10
586+11
587+12
588+13
589+14
590+15
591+16
592+17
593+18
594+19
595+20
596+21
597+22
598+23
599+24
600+
369601 Thousand Dollars ($6,600,000.00) in any fiscal
370602 year, and
371-
372603 b. any amounts which exceed the limitations of
373604 subparagraph a of this paragraph shall be placed to
374605 the credit of the General Revenue Fund; and
375-
376606 5. For the fiscal year beginning July 1, 2015, and for each
377607 fiscal year thereafter, six one -hundredths percent (0.06%) shall be
378608 placed to the credit of the Oklahoma Historical Society Capital
379609 Improvement and Operations Revolving Fund, but in no event shall
380610 such apportionment exceed the total amount apportioned pursuant to
381611 this paragraph for the fiscal year ending o n June 30, 2015. Any
382612 amounts which exceed the limitations of this paragraph shall be
383613 placed to the credit of the General Reve nue Fund.
384-
385614 B. Provided, for the fiscal year beginning July 1, 2007, a nd
386615 every fiscal year thereafter, an amount of revenue shall b e
387616 apportioned to each municipality or county which levies a sales tax
388617 subject to the provisions of Section 1357.10 of this title and
389618 subsection F of Section 2701 of this title equal to the amount of
390619 sales tax revenue of such municipality or county exempted by the
391620 provisions of Section 1357.10 of this title and subsection F of
392621 Section 2701 of this title. The Oklahoma Tax Commissi on shall
393622 promulgate and adopt rules necessary to implement the provis ions of
394623 this subsection.
395624
625+Req. No. 3807 Page 13 1
626+2
627+3
628+4
629+5
630+6
631+7
632+8
633+9
634+10
635+11
636+12
637+13
638+14
639+15
640+16
641+17
642+18
643+19
644+20
645+21
646+22
647+23
648+24
396649
397-ENR. S. B. NO. 1399 Page 10
398650 C. From the monies that would other wise be apportioned to the
399651 General Revenue Fund pursuant to subsection A of this section, there
400652 shall be apportioned the following amounts:
401-
402653 1. For the month ending August 31, 2019:
403-
404654 a. Nine Million Six Hundred Thousand Dollars
405655 ($9,600,000.00) to the credit of the State Highway
406656 Construction and Maintenance Fund created in Section
407657 1501 of Title 69 of the Oklahoma Statutes, and
408-
409658 b. Two Million Dollars ($2,000,000.00) to the credit of
410659 the Oklahoma Railroad Maintenance Revolving Fund
411660 created in Section 309 of Tit le 66 of the Oklahoma
412661 Statutes;
413-
414662 2. For the month ending September 30, 2019:
415-
416663 a. Twenty Million Dollars ($20,000,000.00) to the credit
417664 of the State Highway Construction and Maintenance Fund
418665 created in Section 1501 of Title 69 of the Oklahoma
419666 Statutes, and
420-
421667 b. Two Million Dollars ($2,000,000.00) to the credit of
422668 the Oklahoma Railroad Maintenance Revolving Fund
423669 created in Section 309 of Title 66 of the Oklahoma
424670 Statutes;
671+3. For the month ending Octob er 31, 2019:
672+a. Twenty Million Dollars ($20,000,000.00) to th e credit
673+of the State Highway Construction and Maintenance Fund
425674
426-3. For the month ending October 31, 2019:
675+Req. No. 3807 Page 14 1
676+2
677+3
678+4
679+5
680+6
681+7
682+8
683+9
684+10
685+11
686+12
687+13
688+14
689+15
690+16
691+17
692+18
693+19
694+20
695+21
696+22
697+23
698+24
427699
700+created in Section 1501 of Title 69 of the Oklahoma
701+Statutes, and
702+b. Two Million Dollars ($2,000,000.00) to the credit of
703+the Oklahoma Railroad Maintenance Revolving Fund
704+created in Section 30 9 of Title 66 of the Oklahoma
705+Statutes;
706+4. For the month ending November 30, 2019:
428707 a. Twenty Million Dollars ($20,000,000.00) to the credit
429708 of the State Highway Construction and Maintenance Fund
430709 created in Section 1501 of Title 69 of the Oklahoma
431710 Statutes, and
432-
433711 b. Two Million Dollars ($2,000,000.00) to the credit of
434712 the Oklahoma Railroad Maintenance Revolving Fund
435713 created in Section 309 of Title 66 of the Oklahoma
436-Statutes;
437-
438-4. For the month ending November 30, 2019:
439-
440-
441-ENR. S. B. NO. 1399 Page 11
714+Statutes; and
715+5. For the month ending December 31, 2019:
442716 a. Twenty Million Dollars ($20,000,0 00.00) to the credit
443717 of the State Highway Construction and Maintenance Fund
444718 created in Section 1501 of Title 69 of the Oklahom a
445719 Statutes, and
446-
447-b. Two Million Dollars ($2,000,000.00) to the credit of
448-the Oklahoma Railroad Maintenance Revolving Fund
449-created in Section 309 of Title 66 of the Oklahoma
450-Statutes; and
451-
452-5. For the month ending December 31, 2019:
453-
454-a. Twenty Million Dollars ($20,000,000.00) to the credit
455-of the State Highway Construction and Maintenance Fund
456-created in Section 1501 of Title 69 of the Oklahoma
457-Statutes, and
458-
459720 b. Two Million Dollars ($2,000,000.00) to the credit of
460721 the Oklahoma Railroad Maintenance Revolving Fund
461722 created in Section 309 of Title 66 of the Oklahoma
462723 Statutes.
463724
725+Req. No. 3807 Page 15 1
726+2
727+3
728+4
729+5
730+6
731+7
732+8
733+9
734+10
735+11
736+12
737+13
738+14
739+15
740+16
741+17
742+18
743+19
744+20
745+21
746+22
747+23
748+24
749+
464750 D. For fiscal year 2029, and each subsequent fiscal year, Fifty
465751 Million Dollars ($50,000,000.00) shall be placed to the credit of
466752 the Oklahoma Capital Assets Maintenance and Protection Fund created
467753 in Section 2 of this act.
468-
469754 SECTION 5. This act shall become effective July 1, 2024.
470-
471755 SECTION 6. It being immediately necessary for the preservation
472756 of the public peace, health or safety, an emergency is hereby
473757 declared to exist, by reason whereof this act shall take effect and
474758 be in full force from and after its passage and approval.
475759
476-ENR. S. B. NO. 1399 Page 12
477-Passed the Senate the 29th day of March, 2024.
478-
479-
480-
481- Presiding Officer of the Senate
482-
483-
484-Passed the House of Representat ives the 30th day of May, 2024.
485-
486-
487-
488- Presiding Officer of the House
489- of Representatives
490-
491-OFFICE OF THE GOVERNOR
492-Received by the Office of the Governor this _______ _____________
493-day of _________________ __, 20_______, at _______ o'clock _______ M.
494-By: _________________________________
495-Approved by the Governor of the State of Oklahoma this _______ __
496-day of _________________ __, 20_______, at _______ o'clock _______ M.
497-
498- _________________________________
499- Governor of the State of Oklahoma
500-
501-
502-OFFICE OF THE SECRETA RY OF STATE
503-Received by the Office of the Secretary of State this _______ ___
504-day of _________________ _, 20 _______, at _______ o'clock _______ M.
505-By: _________________________________
760+59-2-3807 QD 5/28/2024 4:23:55 PM