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53	53	STATE OF OKLAHOMA
54	54
55	55	2nd Session of the 59th Legislature (2024)
56	56
57	57	SENATE BILL 2033 By: Howard
58	58
59	59
60	60
61	61
62	62
63	63	AS INTRODUCED
64	64
65	65	An Act relating to economic development; amending 62
66	66	O.S. 2021, Sections 2004, 2006, 2007, 2008, and 2010;
67	67	which relate to the Rural Economic Action Plan of
68	68	1996; expanding authority for entities to distribut e
69	69	monies from the Rural Economic Action Plan Fund t o
70	70	include loans; requiring repayment of pr incipal and
71	71	interest to accrue to certain accounts and
72	72	subaccounts; prohibiting certain ent ities from making
73	73	loans; limiting amounts available to provide loans;
74	74	updating statutory language; and providing an
75	75	effective date.
76	76
77	77
78	78
79	79
80	80
81	81	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
82	82	SECTION 1. AMENDATORY 62 O.S. 2021, Section 2004, is
83	83	amended to read as follows:
84	84	Section 2004. A. The monies appropriated to the Rural Economic
85	85	Action Plan Fund shall be subject to all of the requirements of
86	86	Sections 2006 through 2013 of this title.
87	87	B. In a fiscal year for which the amount appropriated to the
88	88	Rural Economic Action Plan Fund is less than or equa l to the sum of
89	89	Fifteen Million Five Hundred Thousand Dollars ($15,500,000.00),
90	90	there shall be deposited into each of the accounts provided by
91	91
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142	142	Section 2006 of this title the sum of one-tenth (1/10) of the amount
143	143	appropriated to the Rural Economic Action Plan Fund with the
144	144	exception of one account which shall be divided equally into two
145	145	subaccounts. One of the two subaccounts shal l be available to one
146	146	and only one of the entities described by subsection B o f Section
147	147	2007 of this title for loans or distribution to cities or towns
148	148	within the respective jurisdiction of the entity if the population
149	149	of such city or town does not exceed seven thousand (7,000) persons
150	150	according to the latest Federal Decennial Census or for the benefit
151	151	of an unincorporated area. Funds may also be loaned or expended for
152	152	any city or town with a population below seven thousand (7,000)
153	153	persons based upon the c urrent population estimate according to the
154	154	U.S. Census Bureau. Funds may be loaned or expended for such cities
155	155	and towns until the next following Federal Decennial Census .
156	156	Provided, for any fiscal year following the first fiscal year that
157	157	the provisions of subsection D of this section have taken effect ,
158	158	funds appropriated to the Rural Economic Action Plan Fund shall be
159	159	deposited as provided in subsection D of this section and the
160	160	provisions of this subsection shall not be in effect.
161	161	C. In a fiscal year for which the amount appropriated to the
162	162	Rural Economic Action Plan Fund is gr eater than Fifteen Million Five
163	163	Hundred Thousand Dollars ($15,500,000.00), but less than Seventeen
164	164	Million Fifty Thousand Dollars ($17,050,000.00), there shall be
165	165	deposited into each of nine separate accounts for the entities
166	166
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217	217	described by subsection A of Section 2007 of this ti tle the sum of
218	218	One Million Five Hundred Fifty Thousand Dollars ($1,550,000.00).
219	219	There shall be divided equally between two additional accounts for
220	220	the use and benefit of the entities described by subsectio n B of
221	221	Section 2007 of this title the balance of any such appropriation in
222	222	excess of Thirteen Million Nine Hundred Fifty Thousand Dollars
223	223	($13,950,000.00), but less than Seventeen Million Fifty Thousand
224	224	Dollars ($17,050,000.00).
225	225	D. In the first fiscal yea r for which the amount appropriated
226	226	to the Rural Economic Action Plan Fund equals or exceeds the sum of
227	227	Seventeen Million Fifty Thousand Dollars ($17,050,000.00), and in
228	228	every subsequent fiscal year, there shall be deposited an equal
229	229	amount to each of elev en accounts created for the use and benefit of
230	230	the entities described by subsec tions A and B of Section 2007 of
231	231	this title.
232	232	E. Regardless of the number of accounts created based upon the
233	233	appropriation amount to the Rural Economic Action Plan Fund, all
234	234	loans and expenditures from all accounts shall be gov erned by the
235	235	limitations imposed pursuant to Sections 2002 through 2013 of this
236	236	title, including the limitations applicable to loans and
237	237	expenditures for the benefit of cities or towns based upon
238	238	population limits or loans and expenditures for the benefit of
239	239	unincorporated areas.
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291	291	SECTION 2. AMENDATORY 62 O.S. 2021, Section 2006, is
292	292	amended to read as follows:
293	293	Section 2006. A. There is hereby established a fund within the
294	294	State Treasury to be known as the Rural Economic Action Plan Fund,
295	295	to be administered by the Oklahoma Department of Commerce. The fund
296	296	shall be a continuing fund not subject to fiscal year limitations.
297	297	Within the Rural Economic Action Plan Fund there shall be
298	298	established separate accounts a s prescribed by Section 2004 of this
299	299	title into which shall be deposited such funds as may be pro vided by
300	300	law.
301	301	B. Except as otherwise provided by Section 2004 of this title,
302	302	one of nine accounts shall be available to each entit y described in
303	303	subsection A of Section 2007 of this title.
304	304	C. Except as otherwise provided by Section 2004 of this title,
305	305	one account shall be divided equally into two subaccounts. One of
306	306	the two subaccounts shall be available to each of the entities
307	307	described by subsection B of Se ction 2007 of this title for loans or
308	308	distribution to any city or town within the respective jurisdiction
309	309	of the entity if the population of such city or town does not exceed
310	310	seven thousand (7,000) persons according to the lates t Federal
311	311	Decennial Census or for the benefit of an unincorporated area.
312	312	Funds may also be loaned to or expended for any city or town with a
313	313	population below seven thousand (7,000) persons based upon the
314	314	current population estimate according to the U.S. C ensus Bureau.
315	315
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366	366	Funds may be loaned to or expended for such cities and towns unt il
367	367	the next following Federal Decennial Census.
368	368	D. No funds deposited into one a ccount or subaccount s hall be
369	369	transferred to any other account. No entity may access any more
370	370	than one account per fiscal year and the total loans or expenditure
371	371	from any one account for each fiscal year may not exceed the amount
372	372	of funds available to each account as may be provided by law.
373	373	E. The repayment of principal and interest income for loans
374	374	distributed from an accoun t or subaccount shall accrue to the
375	375	balance of the account or subaccount.
376	376	F. No monies in the Rural Economic Action Plan Fund shall be
377	377	used for the payment of administrative expenses, salaries , or any
378	378	other continuing obligatio n of the Oklahoma Department of Commerce.
379	379	SECTION 3. AMENDATORY 62 O.S. 2021, Section 2007, is
380	380	amended to read as follows:
381	381	Section 2007. A. A voluntary association of Oklahoma lo cal
382	382	governmental jurisdictions or another legal en tity, including a
383	383	public trust or a nonprofit corporation or other entity which
384	384	performs functions for the benefit of or which exists for the
385	385	primary benefit of Oklahoma local governmental jurisdictions and
386	386	which is not described in subsection B of this se ction, shall be
387	387	eligible to obtain funding for rural economic development projects
388	388	as authorized by Section 2004 of this title or as authorized by
389	389	subsection B of Section 2006 of this title.
390	390
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441	441	B. A voluntary association of Oklahoma local governmental
442	442	jurisdictions containing at least one municipality with a population
443	443	in excess of three hundred fifty thousand (350,000) persons
444	444	according to the latest Federal Decennial Census, shall be eligible
445	445	to obtain funding as authorized by Section 2004 of this title or as
446	446	authorized by subsection C of Section 2 006 of this title.
447	447	C. The entities described in subsection A or B of this sect ion
448	448	and which are eligible f or any funds authorized by Section 2006 of
449	449	this title shall be prohibited from providing loans and making
450	450	expenditures on behalf of or from providing loans and making payment
451	451	directly to any city or town with a population in excess of seven
452	452	thousand (7,000) persons using any funds deposited to the Rural
453	453	Economic Action Plan Fund created by Section 2006 of this title.
454	454	Funds may also be expended for or loaned to any city or town with a
455	455	population below seven thousand (7,000) persons based upon the
456	456	current population estimate accordi ng to the U.S. Census Bureau.
457	457	Funds may be expended for or loaned to such cities and towns until
458	458	the next following Federal Decennial Census.
459	459	D. An organization described in subsection A or B of this
460	460	section shall be authorized to make payment of funds obtained
461	461	pursuant to Section 2006 of this title directly to a county if the
462	462	funds are used for the benefit of an unincorporated area located
463	463	within the county to which payment is made if the area benefited
464	464	does not contain a population in excess of seven thousand (7,0 00)
465	465
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516	516	persons. After the county has provided a request to an organization
517	517	described in subsection A or B of this section for funds to benefit
518	518	an unincorporated area of the county, together with a statement that
519	519	the county has conducted a review of the needs of unincorporated
520	520	areas located within the county and that the funding requested is
521	521	consistent with the evaluation of priorities for funds by the
522	522	county, the funds requested may be paid to the county. Any funds
523	523	loaned or paid to a county pursuant to the provisions of this
524	524	subsection shall be expended by the county exclusive ly for the
525	525	purpose identified in the request.
526	526	E. No county to which funds are loaned or paid pursuant to the
527	527	provisions of subsection D of this section shall be liable to any
528	528	person or other legal entity for damages arising out of any
529	529	condition, act, omis sion or other cause alleged to have arisen as a
530	530	result of a project upon which funds expended pursuant to the
531	531	authority of subsection D of this section were paid to the county.
532	532	SECTION 4. AMENDATORY 62 O.S. 2021, Section 2008, is
533	533	amended to read as follows :
534	534	Section 2008. A. The governing board of an entity described by
535	535	subsection A or B of Section 2007 of this title shall develop a plan
536	536	for the use of available funds for the economic development of areas
537	537	included within its respe ctive jurisdiction. For purposes of this
538	538	act, “economic development ” shall include, but shall not be limited
539	539	to, the following purposes:
540	540
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591	591	1. Rural water quality projects, including acquisition,
592	592	treatment, distribution and recovery of water for consumption by
593	593	humans or animals or b oth;
594	594	2. Rural solid waste disposal, treatment or sim ilar projects;
595	595	3. Rural sanitary sewer construction or improvement projects;
596	596	4. Rural road or street construction or improvement projects;
597	597	5. Provision of rural fire protecti on services and public
598	598	safety services;
599	599	6. Expenditures designed to increase the employment level
600	600	within the jurisdiction of the entity;
601	601	7. Provision of health care services, including emergency
602	602	medical care, in rural areas;
603	603	8. Construction or improveme nt of telecommunication fa cilities
604	604	or systems;
605	605	9. Improvement of municipal ene rgy distribution systems; and
606	606	10. Community buildings, courthouses, town halls, senior
607	607	nutrition centers, meeting rooms or similar public facilities.
608	608	B. Effective July 1, 2010 , at least eighty percent (80%) of any
609	609	funds distributed to an entity as provided by this section shall be
610	610	loaned or expended for assets described in paragraphs 1 through 6 of
611	611	subsection A of this section. The remaining amount of any funds
612	612	distributed to an entity as provided by t his section may be loaned
613	613	or expended on assets or purposes described in paragraphs 7 through
614	614	10 of subsection A of this section .
615	615
616	616
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666	666	C. Upon the effective date of this act, up to ten percent (10%)
667	667	of the balance of an account or sub account available to each of the
668	668	entities described by Section 2007 of this title may be loaned to
669	669	private entities, government subdivisions, or tribal g overnments for
670	670	the purposes described in subsection A of this section.
671	671	D. Not later than July 31, each entity described by Section
672	672	2007 of this title shall transmit, i n such electronic form as may be
673	673	prescribed by the Oklahoma Department of Commerce for purposes of
674	674	access to such information on the website maintained by the
675	675	Department, a summary of each pr oject upon which funds received by
676	676	the entity from the Rural Economic Action Plan Fund were expended or
677	677	loaned during the fiscal year endin g on the June 30 date immediately
678	678	preceding the July 31 reporting date.
679	679	SECTION 5. AMENDATORY 62 O.S. 2021, Section 2010, is
680	680	amended to read as follows:
681	681	Section 2010. No entity which qualifies for funds pursuant to
682	682	Section 2006 of this title shall be required to provide matching
683	683	funds or to provide equivalent value in order to obtain available
684	684	funds or funds for planning loans and expenditures.
685	685	SECTION 6. This act shall become effective November 1, 2024.
686	686
687	687	59-2-3375 QD 1/18/2024 3:42:34 PM

Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB2033 Compare Versions