ENGR. H. B. NO. 2407 Page 1 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
ENGROSSED HOUSE
BILL NO. 2407 By: Fetgatter and Hill of the
House
and
Coleman of the Senate
An Act relating to state government; creating the
Oklahoma Main Street Grant Program Revolving Fund;
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 OKLAHOM A:
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 Treasur y 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 oth erwise
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
ENGR. H. B. NO. 2407 Page 2 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
shall be budgeted and expended in accordan ce 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 cont ract
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 funds 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 preapprov ed but are no longer
ENGR. H. B. NO. 2407 Page 3 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
designated Main Streets will be rea llocated 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 her eby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
Passed the House of Representatives the 24th day of March, 2025.
Presiding Officer of the House
of Representatives
Passed the Senate the ___ day of __________, 2025.
Presiding Officer of the Senate