An Act
ENROLLED SENATE
BILL NO. 942 By: Haste of the Senate
and
Wallace of the House
An Act relating to aeronautics technology; creating
the Oklahoma Aircraft Engine Testin g Development
Grant Program; providing short title; allowing
certain commission to oversee certain grant program;
providing entities eligible to receive grant monies;
providing certain conditions certain entities must
meet to be eligible for grant program; stating
conditions to be eliminated from considera tion;
directing certain director to promulgate rules and
procedures of program; creating Oklahoma Aircraft
Engine Testing Development Grant Program Revolving
Fund; providing for codification; providing an
effective date; and declar ing an emergency.
SUBJECT: Engine development grant
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 to be codified
in the Oklahoma Statutes as Section 502 of Title 3, unless there is
created a duplication in numbering, reads as follows:
A. There is hereby created within the Oklahoma Aeronautics
Commission, the Oklahoma Aircraft Engine Testing Development Grant
ENR. S. B. NO. 942 Page 2
Program to offer financial assistance by gran t to private or public
entities for the purpose of augmenting the airc raft engine testing
capabilities of this state and developing aircraft engine testing
infrastructure. Grant funding shall be adminis tered 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 en tities within 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 b y a letter or
other communication direct ly 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 fo r completion of project, and
estimated budget for the entire project.
C. A grant agreement shall be required between the awar dee and
the Commission to provide fo r conditions of disbursement of grant
funds including obligation to repay funds if the terms o f the
agreement are not met as well as providing ongoing quarterly re ports
detailing activity related to the project .
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 503 of Title 3, unless there is
created a duplication in numbering, reads as follows:
There is hereby created in the State Treasur y a revolving fund
for the Oklahoma Aeronautics Commiss ion to be 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, contributions and gifts received
for the benefit of the fund, and any amounts appropriated by the
ENR. S. B. NO. 942 Page 3
Legislature. All monies accruing to the credit of the fund are
hereby appropriated and may be budgeted and expended by the Oklahoma
Aeronautics Commission f or the purpose of funding grants as provided
in this act. Expenditures from the fund shall be made upon warrants
issued by the State Treasurer against claims file d as prescribed by
law with the Director of the Office of Management and Enterprise
Services for approval and payment.
SECTION 4. This act shall become effect ive July 1, 2023.
SECTION 5. It being immediately necessary for the 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.
ENR. S. B. NO. 942 Page 4
Passed the Senate the 23rd day of May, 2023.
Presiding Officer of the Senate
Passed the House of Representatives the 27th day of April, 2023.
Presiding Officer of the House
of Representatives
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this _______ _____________
day of _________________ __, 20_______, at _______ o'clock _______ M.
By: _______________________________ __
Approved by the Governor of the State of Oklahoma this _____ ____
day of _________________ __, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this _______ ___
day of __________________, 20 _______, at _______ o'cl ock _______ M.
By: _______________________________ __