1 STATE OF OKLAHOMA
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2 2nd Session of the 59th Legislature (2024)
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3 SENATE BILL 1372 By: Haste
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6 AS INTRODUCED
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7 An Act relating to aeronautics technology; creating
7 the Oklahoma Aircraft Engine Testing Development
8 Grant Program; providing short title; allowing
8 certain commission to oversee certain grant program;
9 providing entities eligible to receive grant monies;
9 providing certain conditions certain entities must
10 meet to be eligible for grant programs; stating
10 conditions necessary for consideration; requiring
11 certain written agreement; directing certain director
11 to promulgate rules and procedures of program;
12 creating Oklahoma Aircraft Engine Testing Development
12 Grant Program Revolving Fund; providing for
13 codification; providing an effective date; and
13 declaring an emergency.
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16 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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17 SECTION 1. NEW LAW A new section of law to be codified
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18 in the Oklahoma Statutes as Section 501 of Title 3, unless there is
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19 created a duplication in numbering, reads as follows:
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20 This act shall be known and may be cited as the “Oklahoma
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21 Aircraft Engine Testing Development Grant Program”.
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22 SECTION 2. NEW LAW A new section of law to be codified
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23 in the Oklahoma Statutes as Section 502 of Title 3, unless there is
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24 created a duplication in numbering, reads as follows:
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 1 A. There is hereby created, within the Oklahoma Department of
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2 Aerospace and Aeronautics, the Oklahoma Aircraft Engine Testing
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3 Development Grant Program to offer financial assistance by grant to
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4 private or public entities for the purpose of expanding the aircraft
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5 engine testing capabilities of this state and developing aircraft
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6 engine testing infrastructure. Grant funding shall be administered
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7 based on the potential for a specific project to enhance the
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8 aviation and aerospace industry of this state. A grant under this
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9 program shall be a one-time award.
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10 B. Public, private, and nonprofit entities within this state
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11 that have sufficient financial and management capacity to complete
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12 the requested project are eligible for funding under this program.
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13 Applicants shall provide the following information:
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14 1. Airline or industry support as evidenced by a letter or
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15 other communication directly from the entity stating its support for
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16 the project;
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17 2. The ability to provide a minimum of forty percent (40%)
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18 matching funds for the project; and
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19 3. A proposal summary that shall include any background
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20 information or history with aircraft engine testing and development,
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21 project description, timeline for completion of project, and
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22 estimated budget for the entire project.
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23 C. A grant agreement shall be made between any awardee and the
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24 Department. The grant agreement shall provide for the conditions of
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 1 disbursement, shall include a provision requiring the repayment of
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2 awarded funds if the terms are not met, and shall include a
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3 requirement for awardees to provide ongoing quarterly reports
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4 detailing activity related to the project.
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5 SECTION 3. NEW LAW A new section of law to be codified
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6 in the Oklahoma Statutes as Section 503 of Title 3, unless there is
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7 created a duplication in numbering, reads as follows:
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8 There is hereby created in the State Treasury a revolving fund
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9 for the Oklahoma Department of Aerospace and Aeronautics to be
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10 designated the “Oklahoma Aircraft Engine Testing Development Grant
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11 Program Revolving Fund”. The fund shall be a continuing fund, not
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12 subject to fiscal year limitations, and shall consist of all monies
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13 received by the Department from all monies received by any public or
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14 private donations, contributions, and gifts received for the benefit
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15 of the fund, and any amounts appropriated by the Legislature,
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16 provided for the purpose of funding grants as provided in this act.
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17 All monies accruing to the credit of the fund are hereby
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18 appropriated and may be budgeted and expended by the Department for
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19 the purpose provided for in this act. Expenditures from the fund
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20 shall be made upon warrants issued by the State Treasurer against
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21 claims filed as prescribed by law with the Director of the Office of
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22 Management and Enterprise Services for approval and payment.
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23 SECTION 4. This act shall become effective July 1, 2024.
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 1 SECTION 5. It being immediately necessary for the preservation
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2 of the public peace, health or safety, an emergency is hereby
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3 declared to exist, by reason whereof this act shall take effect and
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4 be in full force from and after its passage and approval.
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6 59-2-3200 MSBB 12/15/2023 11:16:56 AM
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