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ENGROSSED SENATE
BILL NO. 1427 By: Hamilton, Stephens,
Newhouse, and Jett of the
Senate
and
Grego of the House
[ Department of Corrections - Revolving Fund -
codification - effective date -
emergency ]
BE IT ENACTED BY THE PEOPLE OF THE STA TE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 559.1 of Title 57, unless there
is created a duplication in numbering, reads as follows:
There is hereby created in the Sta te Treasury a revolving fund
for the Department of Corrections to be designated the “Oklahoma
State Penitentiary Prison Rodeo Revolving Fund ”. This fund shall be
a continuing fund, not subject to fiscal year limit ations, and shall
consist of all monies re ceived by the Department of Corrections from
legislative appropriations provided for the purpose of constructing,
repairing, improving, upgrading, and rehabilitation of the Oklahoma
State Penitentiary prison rodeo arena in order to create prison
program opportunities and promote economic development. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Department of Corrections for the
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purpose provided by thi s section. Expenditures from the fund sha ll
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. There is hereby appropriated to t he Department of
Corrections from any monies not otherwise appropriated from the
General Revenue Fund of the State Treasury for the fiscal year
ending June 30, 2025, the sum of Eight Million Three Hundred
Thousand Dollars ($8,300,000.00) to transfer to the Oklahoma State
Penitentiary Prison Rodeo Revolving Fund created pursuant to Section
1 of this act.
SECTION 3. This act shall become effective July 1, 2024.
SECTION 4. It being immediately necessary for the preservatio n
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 12 th 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