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SENATE FLOOR VERSION
March 1, 2023
COMMITTEE SUBSTITUTE
FOR
SENATE BILL NO. 942 By: Haste of the Senate
and
Wallace of the House
[ aeronautics technology - grant program - grant
monies - conditions - rules and procedures -
revolving fund - appropriation - codification -
effective date -
emergency ]
BE IT ENACTED BY THE PEOPLE OF TH E STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 501 of Title 3, unless there is
created a duplication in numbering, reads as follows:
This act shall be known and may be cited as the “Oklahoma
Aircraft Engine Testing Development Grant Program”.
SECTION 2. NEW LAW A new section of law t o be codified
in the Oklahoma Statutes as Section 502 of Title 3, unless there is
created a duplication in numb ering, reads as follows:
A. There is hereby created within the Oklahoma Aeronautics
Commission, the Oklahoma Aircraft Engine Testing Development Grant
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Program to offer financial assistance by gran t to private or public
entities for the purpose of augmenting the aircraft engine testing
capabilities of this state and developing aircraft engine testing
infrastructure. Grant funding shall be administ ered based on merit
and the potential for a specific project to enhance the aviation and
aerospace industry of this state. A grant under this program shall
be a one-time award.
B. Public, private, and nonprofit entities with in Oklahoma that
have sufficient financial and management capacity to complete the
requested project are eligible for funding under this program.
Applicants shall provide the foll owing information:
1. Airline or industry support as evidenced by a letter or
other communication directl y from the entity stating its support for
the project;
2. The ability to provide a minimum of forty percent (40%)
matching funds for the project; and
3. A proposal summary that shall include any background
information or history with aircraft engine testing and development,
project description, timeline for completion of pro ject, and
estimated budget for the entire project.
C. A grant agreement shall be required between the awar dee and
the Commission to provide for conditio ns of disbursement of grant
funds including obligation to repay funds if the terms of the
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agreement are not met as well as p roviding ongoing quarterly reports
detailing activity related to the project .
SECTION 3. NEW LAW A new sec tion of law to be codified
in the Oklahoma Statutes as Section 503 of Title 3, unless there is
created a duplication in numb ering, reads as follows:
There is hereby created in the State Treasur y a revolving fund
for the Oklahoma Aeronautics Commission to b e designated the
“Oklahoma Aircraft Engine Testing Development Grant Program
Revolving Fund”. The fund shall be a continuing fund, not subject
to fiscal year limitations, and shall consist of a ll monies received
by any public or private donations, contrib utions and gifts received
for the benefit of the fund, and any amounts appropriated by the
Legislature. All monies accruing to the credit of the fund are
hereby appropriated and may be budgeted and expended by the Oklahoma
Aeronautics Commission for the p urpose of funding grants as provided
in this act. 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 4. There is hereby appropriated to the Oklahoma
Aircraft Engine Testing Development Grant Program Revolving Fund the
sum of Twenty Million Dollars ($20,000 ,000.00) or so much thereof as
may be necessary to carry out the purpose of the fund.
SECTION 5. This act shall become effect ive July 1, 2023.
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SECTION 6. It being immediately necessary for th e preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof thi s act shall take effect and
be in full force from and af ter its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
March 1, 2023 - DO PASS AS AMENDED BY CS