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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
HOUSE BILL 2407 By: Fetgatter
AS INTRODUCED
An Act relating to state government; creating the
Oklahoma Main Street Grant Program Revolving Fund;
designating program to be under t he Oklahoma
Department of Commerce; directing Department of
Commerce to prescribe form; providing requirements to
qualify for grant; directing certain available funds;
providing an appropriation; providing an effective
date; and declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 5013.4 of Title 74, unless there
is created a duplication in numbering, reads a s follows:
A. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Department of Commerce to be designated the
"Oklahoma Main Street Grant Program Revolving Fund ", which shall
consist of all monies appropriated, transferred, or otherwise
designated to the fund by law. The fund shall be a continuing fund,
not subject to fiscal year limitations, and shall be under the
administration of the Oklahoma Department of Commerce. All monies
accruing to the credit of said fund are hereby appropriated and
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shall be budgeted and expended in accordance with the provisions of
subsection B of this section for the purpose of preserving and
developing Oklahoma main streets.
B. In order to be considered for a grant, a Main Street shall
apply to the Oklahoma Department of Commerce. The application shall
be on a form prescri bed by the Department of Commerce and shall
contain such information as may be required by the Department of
Commerce to determine if the applicant is qualified.
C. Except as otherwise provided by this section, in order to
qualify for the grant, the Main Street applying shall be required
to:
1. Be a designated and qualified Main Street by the Oklahoma
Main Street Program; and
2. Upon receiving the grant, the Main Street shall c ontract
with the Department of Commerce which will require a submission of
proof that the Main Street is still a designated Main Street and an
invoice to the Department of Commerce to be paid no earlier than
June 1 of any fiscal year in which there are fun ds to award the
grant.
D. If an awarded Main Street is no longer a designated Main
Street, they will be removed from the grant program and shall be
ineligible to receive grant funds. Any funds that are available
because of the applicants that were preapp roved but are no longer
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designated Main Streets will be reallocated evenly to the other
qualified grant awardees.
E. No Main Street that applies for the grant will depend upon
future awarded funds for operations, but in any year awarded, funds
may go towards any cost associated with their operations.
SECTION 2. There is hereby appropriated to the Oklahoma
Department of Commerce from any monies not otherwise appropriated
from the General Revenue Fund of the State Treasury for the fiscal
year ending June 30, 2026, the sum of Two Million Dollars
($2,000,000.00) or so m uch thereof as may be necessary to supplement
the funding for the Oklahoma Main Street Grant Program.
SECTION 3. This act shall become effective July 1, 2025.
SECTION 4. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
SECTION 5. This act shall become effective November 1, 2025.
60-1-11610 AO 01/15/25