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ENGROSSED HOUSE
BILL NO. 1124 By: Bashore of the House
and
Hall of the Senate
An Act relating to broadband; amending Section 1,
Chapter 319, O.S.L. 2022 (62 O.S. Supp. 2024, Section
255), which relates to the Statewide Recovery Fund ;
modifying make-up of fund; and providing an effective
date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY Section 1, Chapter 319, O.S.L.
2022 (62 O.S. Supp. 2024, Section 255), is amended to read as
follows:
Section 255. A. There is hereby created in the State Treasury
a special fund to be designated the "Statewide Recovery Fund ". Said
fund shall be subject to legislative appropriation or transfer as
provided by law and shall consist of:
1. All such monies as the Legislature may direct to be
appropriated or transferred to said fund; and
2. All such monies received by the state after the effective
date of this act pursuant to the American Rescue Plan Act of 2021,
Public Law No. 117-2, Section 604 "Coronavirus Capital Projects
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Fund" and Section 9901 "Coronavirus State and Local Recovery Funds ",
less and except the funds dedicated to the Nonentitlement Units of
Local Government as described in the American Rescue Plan Act of
2021.
B. Notwithstanding any provision of law to the contrary, all
interest and income derived from deposits to the Statewide Recovery
Fund shall be credited to the Statewide Recovery Fund.
SECTION 2. This act shall become effective November 1, 2025.
Passed the House of Representatives the 18th day of March, 2025.
Presiding Officer of the House
of Representatives
Passed the Senate the _____ day of __________, 2025.
Presiding Officer of the Senate