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3 | 27 | ||
4 | - | An Act | |
5 | - | ENROLLED SENATE | |
6 | - | BILL NO. 1447 By: Thompson (Kristen) of the | |
28 | + | STATE OF OKLAHOMA | |
29 | + | ||
30 | + | 2nd Session of the 59th Legislature (2024) | |
31 | + | ||
32 | + | 2ND CONFERENCE COMMITTEE SUBSTITUTE | |
33 | + | FOR ENGROSSED | |
34 | + | SENATE BILL 1447 By: Thompson (Kristen) of the | |
7 | 35 | Senate | |
8 | 36 | ||
9 | 37 | and | |
10 | 38 | ||
11 | 39 | Osburn and Swope of the | |
12 | 40 | House | |
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50 | + | 2ND CONFERENCE COMMITTEE SUBSTITUTE | |
15 | 51 | ||
16 | 52 | An Act relating to economic development; creating the | |
17 | 53 | Creating Oklahoma’s Modern Plan for Economic | |
18 | 54 | Transformation and Effectiveness (COMPETE) Act; | |
19 | 55 | providing short title; amending 74 O.S. 2021, Section | |
20 | 56 | 5003.2, which relates to creation of the Okl ahoma | |
21 | 57 | Department of Commerce; requiring the Department to | |
22 | 58 | create two separate divisions; creating the Division | |
23 | 59 | on Economic Development , Growth, and Expansion (EDGE) | |
24 | 60 | and the Division on Community Outreach and | |
25 | 61 | Revitalization Enterprise (CORE); specifying purpose | |
26 | 62 | of each division; amending 74 O.S. 2021, Section | |
27 | 63 | 5003.4, which relates to definitions; modifying | |
28 | 64 | definition; amending 74 O.S. 2021, Section 5003.5, as | |
29 | 65 | amended by Section 25, Chapter 243, O.S.L. 2022 (74 | |
30 | 66 | O.S. Supp. 2023, Section 5003.5), which relates to | |
31 | 67 | the Director of the Oklahoma Department of Commerce; | |
32 | 68 | modifying title; establishing method for | |
33 | 69 | compensation; specifying requirements for position; | |
34 | 70 | amending 74 O.S. 2021, Section 5003.7, which relates | |
35 | 71 | to the five-year economic development plan; expanding | |
36 | 72 | provisions of plan; modifying recipients of notice; | |
37 | 73 | requiring plan to be posted on Department ’s website; | |
38 | 74 | requiring certain presentation; amending 74 O.S. | |
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39 | 101 | 5003.10, which relates to the authority of the | |
40 | 102 | Oklahoma Department of Commerce; modifying reference; | |
41 | 103 | amending 74 O.S. 5003.10a, which relates to procedure | |
42 | 104 | to terminate offices established outside of state; | |
43 | 105 | modifying reference; creating the Legislative | |
44 | 106 | Evaluation and Development Committee; requiring | |
45 | 107 | legislative review on investments over certain | |
46 | 108 | threshold; specifying information for review; | |
47 | - | ||
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49 | 109 | providing for membership; providing for quorum; | |
50 | 110 | allowing for certain reimbursement; requiring members | |
51 | 111 | of committee to submit to certain agreements; | |
52 | 112 | updating statutory language; providing for | |
53 | 113 | codification; and declaring an emergency. | |
54 | 114 | ||
55 | 115 | ||
56 | 116 | ||
57 | - | SUBJECT: Economic development | |
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58 | 120 | ||
59 | 121 | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
60 | - | ||
61 | 122 | SECTION 1. NEW LAW A new sect ion of law to be codified | |
62 | 123 | in the Oklahoma Statutes as Section 5090 of Title 74, unless there | |
63 | 124 | is created a duplication in numbe ring, reads as follows: | |
64 | - | ||
65 | 125 | This act shall be known and may be cited as the “Creating | |
66 | 126 | Oklahoma’s Modern Plan for Economic Transformation and Effectiveness | |
67 | 127 | (COMPETE) Act”. | |
68 | - | ||
69 | 128 | SECTION 2. AMENDATORY 74 O.S. 2021, Section 5003.2, is | |
70 | 129 | amended to read as follows: | |
71 | - | ||
72 | 130 | Section 5003.2. A. Recognizing the geographic diversity of | |
73 | 131 | this state, Oklahoma needs one central, primary p ublic-sector | |
74 | 132 | economic development agency for the state in order to manage or | |
75 | 133 | coordinate all public sector economic development activity. | |
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77 | 160 | Oklahoma needs an agency to work at the community and firm level | |
78 | 161 | to: | |
79 | - | ||
80 | 162 | 1. Create new and higher quality jobs for the people of this | |
81 | 163 | state through the expansion, creation, restructuring and recruitment | |
82 | 164 | of export-oriented Oklahoma firms which p roduce value-added goods, | |
83 | 165 | services and processes; | |
84 | - | ||
85 | 166 | 2. Encourage statewide economic diversification and stability; | |
86 | - | ||
87 | 167 | 3. Maintain a two-way flow of information between the central | |
88 | 168 | state economic development agency and firms, farms and communities; | |
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92 | 169 | 4. Implement the strategic economic development five -year plan; | |
93 | 170 | and | |
94 | - | ||
95 | 171 | 5. Carry out policy development and research in support of | |
96 | 172 | Oklahoma Futures. | |
97 | - | ||
98 | 173 | B. There are hereby created two separate and distinct divisions | |
99 | 174 | within the Oklahoma Department of Commerce to be known as the | |
100 | 175 | Division on Economic Development, Growth, and Expansion (EDGE) and | |
101 | 176 | the Division on Community Outreach and Revitalization Enterp rise | |
102 | 177 | (CORE). EDGE and CORE shall collaborate to encourage economic | |
103 | 178 | stability in the state, to improve the economic competitiv eness of | |
104 | 179 | this state, and to implement the Oklahoma Department of Commerce ’s | |
105 | 180 | strategic plan. | |
106 | - | ||
107 | 181 | C. The Division on Economic Development, Growth, and Expansion | |
108 | 182 | (EDGE). | |
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110 | 209 | The purpose of EDGE shall be to serve as the state ’s lead | |
111 | 210 | economic development point of contact. EDGE shall exercise the | |
112 | 211 | powers and duties granted to it by this act to perform an essential | |
113 | 212 | governmental function for matter s of public necessity for which | |
114 | 213 | public monies may be spent and property acquired. EDGE shall have | |
115 | 214 | duties pertaining to the ec onomic development of the state | |
116 | 215 | including, but not limited to: | |
117 | - | ||
118 | 216 | 1. Being empowered to strategically drive opportunities for | |
119 | 217 | economic growth and diversification across the state; | |
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121 | 218 | 2. Collaborating with local, regional, and state entities; | |
122 | - | ||
123 | 219 | 3. Coordinating the funding and investment activities of each | |
124 | 220 | element of the state ’s economic development efforts and marketing | |
125 | 221 | campaigns to achieve better results for the state ’s recruitment and | |
126 | 222 | retention of businesses; and | |
127 | - | ||
128 | 223 | 4. Acting as the principal point of contact reg arding | |
129 | 224 | investment in this state for public officials, businesses, and the | |
130 | 225 | public. | |
131 | - | ||
132 | 226 | D. The Division on Community Outreach and Revitalization | |
133 | 227 | Enterprise (CORE). | |
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137 | 228 | The purpose of CORE shall be to focus on the long -term | |
138 | 229 | development of local communities to in crease competitiveness and | |
139 | 230 | enhance economic opportunities. CORE shall have duties pertaining | |
140 | 231 | to local economic opportunities and comm unity development including, | |
141 | 232 | but not limited to: | |
142 | 233 | ||
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143 | 259 | 1. Creating new and higher -quality jobs for the people of the | |
144 | 260 | state through long-term development of local communities; | |
145 | - | ||
146 | 261 | 2. Maintaining communication of information between the | |
147 | 262 | Department and communities through regional organization and | |
148 | 263 | representation; | |
149 | - | ||
150 | 264 | 3. Carrying out policy development and research in support of | |
151 | 265 | the long-term competitiveness of this state; | |
152 | - | ||
153 | 266 | 4. Providing technical assistance to local communities in | |
154 | 267 | securing federal funding, incentive avail ability, and community | |
155 | 268 | development; | |
156 | - | ||
157 | 269 | 5. Providing assistance and funding in development of potential | |
158 | 270 | sites for economic develo pment; | |
159 | - | ||
160 | 271 | 6. Coordinating with other state agencies deploying federal and | |
161 | 272 | state funds for infrastructure development including, but not | |
162 | 273 | limited to, the Department of Transportation, the Oklahoma Water | |
163 | 274 | Resources Board, and the Oklahoma Broadband Office; a nd | |
164 | - | ||
165 | 275 | 7. Assisting in compliance with the laws and regulations of | |
166 | 276 | economic incentives and economic development initiatives. | |
167 | - | ||
168 | 277 | E. The Oklahoma Department of Commerce is hereby constituted an | |
169 | 278 | agency of state government. | |
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171 | 279 | C. F. Whenever the terms “Department of Economic Development” | |
172 | 280 | or “Department of Economic and Community Affairs ” appear in the | |
173 | 281 | Oklahoma Statutes they shall mean and refer to the Oklahoma | |
174 | 282 | Department of Commerce. | |
175 | 283 | ||
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176 | 309 | SECTION 3. AMENDATORY 74 O.S. 2021, Section 5003.4, is | |
177 | 310 | amended to read as follows: | |
178 | - | ||
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181 | 311 | Section 5003.4. As used in the Oklahoma Department of Commerce | |
182 | 312 | Act: | |
183 | - | ||
184 | 313 | 1. “Department” means the Oklahoma Depart ment of Commerce; | |
185 | - | ||
186 | 314 | 2. “Director” means the director of the Department of Commerce | |
187 | 315 | “Chief Executive Officer ” means the Chief Executive Officer of the | |
188 | 316 | Oklahoma Department of Commerce ; | |
189 | - | ||
190 | 317 | 3. “Enterprise” means a firm with its principal place of | |
191 | 318 | business in Oklahoma; | |
192 | - | ||
193 | 319 | 4. “Economic Information System ” means a comprehensive | |
194 | 320 | statewide data collection, analysis and distribution system which | |
195 | 321 | makes available current and thorough information on Oklahoma | |
196 | 322 | economic trends and future Oklahoma economic opportunities to | |
197 | 323 | communities, firms, farms and individuals in the state; firms and | |
198 | 324 | individuals outside the state considering location in Oklahoma; a nd | |
199 | 325 | Oklahoma Futures, the Governor, the Legislature and all other state | |
200 | 326 | agencies and institutions; and | |
201 | - | ||
202 | 327 | 5. “Economic Innovation System ” means a decentralized statewide | |
203 | 328 | system that responsively and innovatively coordinates technical | |
204 | 329 | assistance, grant and loan programs with local, state, federal and | |
205 | 330 | private sector activities into a single statewide Economic | |
206 | 331 | Innovation System. | |
207 | 332 | ||
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208 | 358 | SECTION 4. AMENDATORY 74 O.S. 2021, Section 5003.5, as | |
209 | 359 | amended by Section 25, Chapter 243, O.S.L. 2022 (74 O.S . Supp. 2023, | |
210 | 360 | Section 5003.5), is amended to read as follows: | |
211 | - | ||
212 | 361 | Section 5003.5. A. The Director Chief Executive Officer of the | |
213 | 362 | Oklahoma Department of Commerce shall be appointed by the Governor | |
214 | 363 | with the advice and consent of the Senate. The Director Chief | |
215 | 364 | Executive Officer shall serve at the pleasure of the Governor and | |
216 | 365 | shall continue to serve until a successor is duly appointed and | |
217 | 366 | qualified. The salary of the Director Chief Executive Officer shall | |
218 | 367 | be set by law compensated in a manner that compares equa lly to | |
219 | 368 | similar positions in the private sector . | |
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223 | 369 | B. The Director Chief Executive Officer shall be qualified for | |
224 | 370 | such position by character, personality, ability, education, | |
225 | 371 | training and successful administrative experience in the public or | |
226 | 372 | private sector. The Chief Executive Officer shall have experience | |
227 | 373 | that includes, but is not limited to: | |
374 | + | 1. Economic development program leadersh ip; | |
375 | + | 2. Business development leadership; | |
376 | + | 3. Senior-level board management and leadership; | |
377 | + | 4. Senior-level business and polit ical engagement; | |
378 | + | 5. Leading business development or business recruitment teams; | |
379 | + | 6. Creating and implementing sector development strategies; | |
380 | + | 7. Branding and marketing leadership experience; and | |
381 | + | 8. Experience in recruiting companies to a state or com munity. | |
228 | 382 | ||
229 | - | 1. Economic development program leadership; | |
230 | - | ||
231 | - | 2. Business development leadership; | |
232 | - | ||
233 | - | 3. Senior-level board management and leadership; | |
234 | - | ||
235 | - | 4. Senior-level business and political engagement; | |
236 | - | ||
237 | - | 5. Leading business development or business recruitment teams; | |
238 | - | ||
239 | - | 6. Creating and implementing sector development strategies; | |
240 | - | ||
241 | - | 7. Branding and marketing leadership experience; and | |
242 | - | ||
243 | - | 8. Experience in recruiting companies to a state or community. | |
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245 | 408 | C. The Director Chief Executive Officer shall employ such | |
246 | 409 | persons as are necessary to implement the powers and duties of the | |
247 | 410 | Department. Because many of the powers and duties of the Department | |
248 | 411 | involve working closely with the private sector, certain employee | |
249 | 412 | positions of the Department shall be employed and compensated in a | |
250 | 413 | manner that compares equally to similar positions in the private | |
251 | 414 | sector and shall be exempt from the provisions of the Civil Service | |
252 | 415 | and Human Capital Modernization Act. All o ther employees and | |
253 | 416 | positions shall be subject to the provisions of the Civil Service | |
254 | 417 | and Human Capital Modernization Act. Provided, n othing in this | |
255 | 418 | section shall be construed to limit the authority of the Legislature | |
256 | 419 | to specify the status of positions otherwi se by law. Neither shall | |
257 | 420 | the Director Chief Executive Officer have the authority to | |
258 | 421 | circumvent, disregard or otherwise disobey specific provisions of | |
259 | 422 | law regarding positions in the Department. | |
260 | - | ||
261 | 423 | D. The Director Chief Executive Officer shall serve on the | |
262 | 424 | board of: | |
263 | - | ||
264 | 425 | 1. The Oklahoma Industrial Finance Authority; | |
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268 | 426 | 2. The Oklahoma Science and Technology Research and Development | |
269 | 427 | Board; | |
428 | + | 3. The Oklahoma Development Finance Authority; | |
429 | + | 4. The Executive Bond Oversight Commission; and | |
430 | + | 5. 3. The Oklahoma Ordnance Wor ks Authority. | |
270 | 431 | ||
271 | - | 3. The Oklahoma Development Finance Authority; | |
272 | - | ||
273 | - | 4. The Executive Bond Oversight Commission; and | |
274 | - | ||
275 | - | 5. 3. The Oklahoma Ordnance Works Authority. | |
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277 | 457 | E. The Director Chief Executive Officer may serve as | |
278 | 458 | administrator of any interlocal agreement or compact to pursue | |
279 | 459 | economic development and to assign any employees of the Department | |
280 | 460 | or employee personnel to carry out duties or obligatio ns pursuant to | |
281 | 461 | any interlocal agreement or compact for economic development. | |
282 | - | ||
283 | 462 | F. The Director Chief Executive Officer , at his or her | |
284 | 463 | discretion, may approve payment for affiliations or memberships of | |
285 | 464 | the Department or, if necessary, associate memberships for | |
286 | 465 | individual employees in international, national, or state economic | |
287 | 466 | development councils, professional organizations, or governmental | |
288 | 467 | associations. | |
289 | - | ||
290 | 468 | SECTION 5. AMENDATORY 74 O.S. 2021, Section 5003.7, is | |
291 | 469 | amended to read as follow s: | |
292 | - | ||
293 | 470 | Section 5003.7. A. The Oklahoma Department of Commerce shall | |
294 | 471 | prepare, with the cooperation of the Oklahoma business community, | |
295 | 472 | agricultural community, financial community, universities, labor | |
296 | 473 | and, the state executive and legislative branches, and the Oklahoma | |
297 | 474 | Workforce Commission, a five-year economic development plan and | |
298 | 475 | annual updates for the State of Oklahoma this state. | |
299 | - | ||
300 | 476 | 1. The purpose of the plan shall be to identify significant | |
301 | 477 | economic, social, and demographic trends which may have both short - | |
302 | 478 | term and long-term impacts on the state and local economy and to | |
303 | 479 | present strategies and recommendations that the state and local | |
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304 | 506 | political subdivisions might adopt to improve or stabilize the | |
305 | 507 | economy. | |
306 | - | ||
307 | 508 | 2. The goals of the plan shall include the development of a | |
308 | 509 | diversified state economy , increasing; the increase of employment,; | |
309 | - | ||
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311 | 510 | the maximum use of federal, state and local funds to achieve the | |
312 | 511 | goals or recommendations included in the plan ,; the maximum | |
313 | 512 | investment of capital in the economy of the state ,; and the | |
314 | 513 | improvement of the quality of life in the state. | |
315 | - | ||
316 | 514 | 3. The plan wherever possible shall make recommendations to | |
317 | 515 | encourage intergovernme ntal cooperation and public and private | |
318 | 516 | cooperation. | |
319 | - | ||
320 | 517 | 4. The plan shall include an economic development strategy for | |
321 | 518 | the state that addresses target industries, site development, and | |
322 | 519 | workforce needs to meet the state goals. | |
323 | - | ||
324 | 520 | 5. Copies of the plan and the annual updates shall be submitted | |
325 | 521 | electronically to the Oklahoma Advisory Committee on | |
326 | 522 | Intergovernmental Relations, the Gov ernor, the Speaker of the House | |
327 | 523 | of Representatives, the President Pro Tempore of the Senate and the | |
328 | 524 | chairmen of the standing committee s on economic development of the | |
329 | 525 | Senate and of the House of Representatives members of the | |
330 | 526 | Legislative Evaluation and Developm ent Committee, as created in | |
331 | 527 | Section 8 of this act, and be made available to the public on the | |
332 | 528 | Department’s website on the first day of each legislative session. | |
333 | 529 | ||
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334 | 555 | 5. 6. The Department shall develop and manage a complete | |
335 | 556 | economic information system whic h will support the five-year | |
336 | 557 | planning process, and which will make available complete and timely | |
337 | 558 | information on the state economy. Th e economic information system | |
338 | 559 | shall be operated by public or private Oklahoma universities or an | |
339 | 560 | Oklahoma enterprise capable o f providing such services in a cost - | |
340 | 561 | effective manner. | |
341 | - | ||
342 | 562 | B. The Chief Executive Officer of the Oklahoma Department of | |
343 | 563 | Commerce shall present the strategic plan to the Legislative | |
344 | 564 | Evaluation and Development Committee, as created in Section 8 of | |
345 | 565 | this act, for approval. | |
346 | - | ||
347 | 566 | C. The Department, in conjunction with the Oklahoma Development | |
348 | 567 | Finance Authority, is authorized to develop an infrastr ucture | |
349 | 568 | program which will enable political subdivisions of this state to | |
350 | 569 | finance public works projects in order to modify or i mprove existing | |
351 | 570 | public facilities for purposes of bringing said such facilities, and | |
352 | 571 | the operation thereof, into compliance with and maintaining | |
353 | - | ||
354 | - | ENR. S. B. NO. 1447 Page 9 | |
355 | 572 | compliance with federal, state and local laws and regulations | |
356 | 573 | pertaining to the protection of the public he alth and the | |
357 | 574 | environment. | |
358 | - | ||
359 | 575 | C. D. The Director Chief Executive Officer shall develop an | |
360 | 576 | annual business plan for the Department. The b usiness plan shall | |
361 | 577 | include the need and mission of each division of the Department | |
362 | 578 | created by law or the Director Chief Executive Officer and an | |
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363 | 605 | analysis of past costs and benefits and future projected costs and | |
364 | 606 | benefits to the state of the programs of each division of the | |
365 | 607 | Department. The business plan shall be consistent with the goals of | |
366 | 608 | the recurring five-year plan specified in this section. The | |
367 | 609 | Director Chief Executive Officer shall distribute copies of the | |
368 | 610 | business plan by such means that will make i t widely available to | |
369 | 611 | communities, firms and local economic development managers | |
370 | 612 | throughout this state. | |
371 | - | ||
372 | 613 | SECTION 6. AMENDATORY 74 O.S. 2021, Section 5003.10, is | |
373 | 614 | amended to read as follows: | |
374 | - | ||
375 | 615 | Section 5003.10. The Oklahoma Department of Commerce shall have | |
376 | 616 | the authority to: | |
377 | - | ||
378 | 617 | 1. Disseminate information concerning the industrial, | |
379 | 618 | commercial, governmental, educational, cultural, agricultural, | |
380 | 619 | business and other advantages and attractions of the state; | |
381 | - | ||
382 | 620 | 2. Assist public and private agencie s in the preparation of | |
383 | 621 | informational and publicity programs designed to attract or retain | |
384 | 622 | business and industry for the state ; | |
385 | - | ||
386 | 623 | 3. Obligate and expend funds for services performed by local | |
387 | 624 | political subdivisions of the state, state agencies, including | |
388 | 625 | universities and colleges within and without the state, and federal | |
389 | 626 | agencies for research and training in conformity with the general | |
390 | 627 | state laws governing such activity; and apply for, accept, | |
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391 | 654 | administer and expend grants from the federal government and any | |
392 | 655 | other public or private sources for research and training purposes; | |
393 | - | ||
394 | 656 | 4. Conduct, publish and disseminate or encourage research | |
395 | 657 | designed to further new and more extensive uses of the natural and | |
396 | - | ||
397 | - | ENR. S. B. NO. 1447 Page 10 | |
398 | 658 | other resources of the state and designed to develop and | |
399 | 659 | commercialize new products and commercial processes; | |
400 | - | ||
401 | 660 | 5. Study trends and developments in the industries of the state | |
402 | 661 | and analyze the reasons underlying such trends; study costs within | |
403 | 662 | the state; and make recommendations regarding circumstances | |
404 | 663 | promoting or hampering business and industrial development; | |
405 | - | ||
406 | 664 | 6. Generally gather, compile and make available economic | |
407 | 665 | analyses and statistical information relating to business, trade, | |
408 | 666 | commerce, industry, transportation, communication, natural | |
409 | 667 | resources, population and other like subjects in this state, with | |
410 | 668 | authority to call upon other agencies, universities and colleges of | |
411 | 669 | the state for statistical data and results obtained by them, and to | |
412 | 670 | arrange and compile such economic analyses and statistical | |
413 | 671 | information in such a man ner as it deems advisable; | |
414 | - | ||
415 | 672 | 7. Study such other scientific, industrial, financial and | |
416 | 673 | economic issues as, in the judgment of t he Department, shall be | |
417 | 674 | deemed of value to the people of the state; | |
418 | - | ||
419 | 675 | 8. Support and assist the efforts of state, regional and local | |
420 | 676 | development organizations, industrial committees, chambers of | |
421 | 677 | commerce, agricultural organizations, labor organizations and other | |
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422 | 704 | similar public and private agencies to obtain new and to foster | |
423 | 705 | expansion of existing service, industrial and manufacturing | |
424 | 706 | facilities, businesses and enterprises; and to foster community | |
425 | 707 | improvements in leadership, expertise, human development, | |
426 | 708 | infrastructure, public facilities and quality of life; and to expand | |
427 | 709 | data availability and utilization opportunities; | |
428 | - | ||
429 | 710 | 9. Maintain a continuing evaluation of the sources available | |
430 | 711 | for the financing of the development or expansion of industrial, | |
431 | 712 | agricultural and commercial facilities in this state through both | |
432 | 713 | public and private agencies; | |
433 | - | ||
434 | 714 | 10. Assist in obtaining financing for the develop ment and | |
435 | 715 | expansion of industrial, agricultural and commercial facilities in | |
436 | 716 | the state; | |
437 | - | ||
438 | 717 | 11. Serve as the state ’s official liaison agency between | |
439 | 718 | persons interested in locating new economic enterprises in Oklahoma | |
440 | - | ||
441 | - | ENR. S. B. NO. 1447 Page 11 | |
442 | 719 | and state and local groups seeking new enterprises. In this | |
443 | 720 | respect, the Department shall aid communities in organizing for and | |
444 | 721 | obtaining new businesses and expandi ng existing businesses and shall | |
445 | 722 | process requests which reflect interest in locating economic | |
446 | 723 | enterprises in the state; | |
447 | - | ||
448 | 724 | 12. Promote the sale and facilitate the marketing of Oklahoma | |
449 | 725 | products including agricultural and value -added products in the | |
450 | 726 | international market; | |
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452 | 753 | 13. Encourage the location of foreign manufacturing plants and | |
453 | 754 | other industries in Oklahoma; | |
454 | - | ||
455 | 755 | 14. Coordinate the international efforts of the various state | |
456 | 756 | agencies without violating the individual authority given those | |
457 | 757 | agencies by statute; | |
458 | - | ||
459 | 758 | 15. Coordinate and serve as liaison to the private sector as | |
460 | 759 | needed; | |
461 | - | ||
462 | 760 | 16. Establish, subject to an annual appropriation or private | |
463 | 761 | gifts, offices outside the state boundaries. The offices may be | |
464 | 762 | operated by the state or may be operated pursuant to contract wh ich | |
465 | 763 | shall not be subject to the competitive bid laws of the State of | |
466 | 764 | Oklahoma. The Department shall prepare an annual report concerning | |
467 | 765 | the activities of the offices and submit it to the Governor and the | |
468 | 766 | Legislature. The Director Chief Executive Offi cer of the Oklahoma | |
469 | 767 | Department of Commerce shall notify in writing the Governor, the | |
470 | 768 | President Pro Tempore of the Senate and the Speak er of the House of | |
471 | 769 | Representatives that the Department intends to establish a new | |
472 | 770 | office pursuant to this paragraph at least t hirty (30) days prior to | |
473 | 771 | the establishment of the new office or execution of a contract; | |
474 | - | ||
475 | 772 | 17. Establish a system of not less than six geographic regions | |
476 | 773 | for promoting new or existing businesses, assisting in the expansion | |
477 | 774 | of small and medium sized manu facturers through a modernization | |
478 | 775 | program, creating new jobs, and assisting local businesses, | |
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479 | 802 | political subdivisions or other entities to better utilize the | |
480 | 803 | services of the Department; | |
481 | - | ||
482 | 804 | 18. Solicit, accept and expend donations and contributions from | |
483 | 805 | any source, whether public or private, in order to advertise, | |
484 | - | ||
485 | - | ENR. S. B. NO. 1447 Page 12 | |
486 | 806 | promote or disseminate information which may assist in the | |
487 | 807 | recruitment of companies, firms or jobs to Oklahoma, including but | |
488 | 808 | not limited to the Oklahoma Quality Jobs Program Act, and any other | |
489 | 809 | acts which the Department administers or which may assist the | |
490 | 810 | Department in the performance of its mission. The Department shall | |
491 | 811 | deposit any funds collected pursuant to this paragraph in the | |
492 | 812 | “Oklahoma Department of Commerce Revolving Fund ” created by Section | |
493 | 813 | 5012 of this title; and | |
494 | - | ||
495 | 814 | 19. Enter into contracts at fair market value for the rental of | |
496 | 815 | office space in any facility under its control to entities engaged | |
497 | 816 | in activities related to the export of goods produced in Oklahoma. | |
498 | 817 | The Department shall deposit any f unds collected pursuant to this | |
499 | 818 | paragraph in the “Oklahoma Department of Commerce Revolving Fund ” | |
500 | 819 | created by Section 5012 of this titl e. | |
501 | - | ||
502 | 820 | SECTION 7. AMENDATORY 74 O.S. 2021, Section 5003.10a, is | |
503 | 821 | amended to read as follows: | |
504 | - | ||
505 | 822 | Section 5003.10a. An office established by the Oklahoma | |
506 | 823 | Department of Commerce outside the State of Oklahoma pursuant to | |
507 | 824 | paragraph 16 of Section 5003.10 of this title shall not be | |
508 | 825 | terminated until the Director Chief Executive Officer of the | |
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509 | 852 | Oklahoma Department of Commerce provides a written report to the | |
510 | 853 | Governor, the Speaker of the House of Representatives, and the | |
511 | 854 | President Pro Tempore of the Senate of the intent of the Director | |
512 | 855 | Chief Executive Officer to terminate the office. Termination of the | |
513 | 856 | office pursuant to this section shall not occur earlier than sixty | |
514 | 857 | (60) days following the date the report is filed as provided in this | |
515 | 858 | section. For purposes of this section, “termination” means a | |
516 | 859 | reduction in funding for an office or a change in representation. | |
517 | - | ||
518 | 860 | SECTION 8. NEW LAW A new section of law to be codified | |
519 | 861 | in the Oklahoma Statutes as Section 5090.1 of Title 74, unless there | |
520 | 862 | is created a duplication in numbering, reads as follow s: | |
521 | - | ||
522 | 863 | A. There is hereby created within the Legislature the | |
523 | 864 | Legislative Evaluation and Development Committee. The Legislative | |
524 | 865 | Evaluation and Development Committee shall review financing for | |
525 | 866 | individual incentive packages including, but not limited to, | |
526 | 867 | packages offering tax incentives, funds for economic development, | |
527 | 868 | and, when the annual investment exceeds Twenty Million Dollars | |
528 | - | ||
529 | - | ENR. S. B. NO. 1447 Page 13 | |
530 | 869 | ($20,000,000.00), excluding funding from existing incentives for any | |
531 | 870 | business, new or existing currently in this state, or when one o r | |
532 | 871 | more of the incentives in the incentive package is not authoriz ed | |
533 | 872 | under current law or an amendment by the Legislature is being sought | |
534 | 873 | to one or more currently existing incentives included in the | |
535 | 874 | incentive package. In addition to the required review of certain | |
536 | 875 | incentive packages as prescribed by this section, the Com mittee may, | |
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537 | 902 | in its discretion, also review potential economic development | |
538 | 903 | projects presented by private sector businesses or state or other | |
539 | 904 | political subdivision authorities which would be fi nanced by public | |
540 | 905 | funds. | |
541 | - | ||
542 | 906 | B. The Legislative Evaluation and Develo pment Committee shall | |
543 | 907 | evaluate and propose economic projects provided by the Division on | |
544 | 908 | Economic Development, Growth, and Expansion within the Oklahoma | |
545 | 909 | Department of Commerce. The Committee shall consist of: | |
546 | - | ||
547 | 910 | 1. Four members of the Senate to be appointed by the President | |
548 | 911 | Pro Tempore of the Senate, one of whom shall be from the minority | |
549 | 912 | party; and | |
550 | - | ||
551 | 913 | 2. Four members of the House of th e Representatives to be | |
552 | 914 | appointed by the Speaker of the House of Representatives, one of | |
553 | 915 | whom shall be from the minority party . | |
554 | - | ||
555 | 916 | The President Pro Tempore of the Senate, or his or her designee, | |
556 | 917 | and the Speaker of the House of Representatives, or his or her | |
557 | 918 | designee, shall serve as co -chairs for the Committee. | |
558 | - | ||
559 | 919 | C. The quorum of the Committee shall consist of at least five | |
560 | 920 | members. Meetings of the Committee shall be governed by joint rules | |
561 | 921 | of the Legislature. Members of the Committee may receive | |
562 | 922 | reimbursement from the Legislative Service Bureau for actual and | |
563 | 923 | necessary expenses incurred in connection with their duties as | |
564 | 924 | members of the Committee in accordance with other provisions of law | |
565 | 925 | relating to travel reimbursement for members of the Legislature. | |
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566 | 952 | Members serving on this Committee shall submit to nondisclosure | |
567 | 953 | agreements and adhere to the confidentiality of the material | |
568 | 954 | discussed in meetings that affects the economic development of this | |
569 | 955 | state. | |
570 | - | ||
571 | - | ||
572 | - | ENR. S. B. NO. 1447 Page 14 | |
573 | 956 | SECTION 9. It being immediately necessary for the preservation | |
574 | 957 | of the public peace, health or safety, an e mergency is hereby | |
575 | 958 | declared to exist, by reason whereof this act shall take effect and | |
576 | 959 | be in full force from and after its passage and approval. | |
577 | 960 | ||
578 | - | ||
579 | - | ENR. S. B. NO. 1447 Page 15 | |
580 | - | Passed the Senate the 29th day of May, 2024. | |
581 | - | ||
582 | - | ||
583 | - | ||
584 | - | Presiding Officer of the Senate | |
585 | - | ||
586 | - | ||
587 | - | Passed the House of Representatives the 30th day of May, 2024. | |
588 | - | ||
589 | - | ||
590 | - | ||
591 | - | Presiding Officer of the House | |
592 | - | of Representatives | |
593 | - | ||
594 | - | OFFICE OF THE GOVERNOR | |
595 | - | Received by the Office of the Governor this _______ _____________ | |
596 | - | day of _________________ __, 20_______, at _______ o'clock _______ M. | |
597 | - | By: _________________________________ | |
598 | - | Approved by the Governor of the State of Oklahoma this _______ __ | |
599 | - | day of _________________ __, 20_______, at _______ o'clock _______ M. | |
600 | - | ||
601 | - | _________________________________ | |
602 | - | Governor of the State of Oklahoma | |
603 | - | ||
604 | - | ||
605 | - | OFFICE OF THE SECRETARY OF STATE | |
606 | - | Received by the Office of the Secretary of State this _______ ___ | |
607 | - | day of __________________, 20 _______, at _______ o'clock _______ M. | |
608 | - | By: _________________________________ | |
961 | + | 59-2-3846 MR 5/28/2024 2:11:28 PM |