1 STATE OF OKLAHOMA
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2 2nd Session of the 59th Legislature (2024)
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3 SENATE BILL 1358 By: Pugh
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6 AS INTRODUCED
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7 An Act relating to higher education; creating the
7 Workforce Development Revolving Fund; specifying
8 source of fund; providing for expenditures; providing
8 purpose of fund; directing the Oklahoma Workforce
9 Commission to identify certain workforce needs;
9 making an appropriation to the Workforce Development
10 Revolving Fund; providing for codification; providing
10 an effective date; and declaring an emergency.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. NEW LAW A new section of law to be codified
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15 in the Oklahoma Statutes as Section 3210.1 of Title 70, unless there
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16 is created a duplication in numbering, reads as follows:
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17 A. There is hereby created in the State Treasury a revolving
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18 fund for the Oklahoma State Regents for Higher Education to be
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19 designated the “Workforce Development Revolving Fund”. The fund
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20 shall be a continuing fund, not subject to fiscal year limitations,
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21 and shall consist of all monies received by the State Regents from
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22 state appropriations provided for the purpose of increasing the
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23 number of degrees granted to fulfill workforce needs identified
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24 pursuant to subsection B of this section. All monies accruing to
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 1 the credit of the fund are hereby appropriated and may be budgeted
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2 and expended by the State Regents for the purpose provided for in
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3 this subsection. Expenditures from the fund shall be made upon
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4 warrants issued by the State Treasurer against claims filed as
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5 prescribed by law with the Director of the Office of Management and
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6 Enterprise Services for approval and payment.
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7 B. The Oklahoma Workforce Commission created pursuant to
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8 Section 902 of Title 40 of the Oklahoma Statutes shall identify
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9 workforce needs in critical occupation areas that are in high demand
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10 and are projected to have positive future growth.
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11 SECTION 2. There is hereby appropriated to the Workforce
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12 Development Revolving Fund created pursuant to Section 1 of this act
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13 from any monies not otherwise appropriated from the General Revenue
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14 Fund of the State Treasury for the fiscal year ending June 30, 2023,
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15 the sum of Two Hundred Million Dollars ($200,000,000.00) or so much
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16 thereof as may be necessary for the purpose provided for in Section
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17 1 of this act.
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18 SECTION 3. This act shall become effective July 1, 2024.
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19 SECTION 4. It being immediately necessary for the preservation
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20 of the public peace, health, or safety, an emergency is hereby
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21 declared to exist, by reason whereof this act shall take effect and
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22 be in full force from and after its passage and approval.
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24 59-2-2511 EB 12/15/2023 9:01:51 AM
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