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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL NO. 2407 By: Fetgatter
COMMITTEE SUBSTITUTE
An Act relating to state government; creating the
Oklahoma Main Street Grant Program Revolving Fun d;
designating program to be under the Oklahoma
Department of Commerce; directing Department of
Commerce to prescribe form; providing requirements to
qualify for grant; providing for codification;
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 as 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
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accruing to the credit of said fund are hereby appropriated and
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 prescribed 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 contract
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 fu nds 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 preap proved 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. This act shall become effective July 1, 2025.
SECTION 3. 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.
60-1-12961 JM 02/26/25