1 STATE OF OKLAHOMA
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2 2nd Session of the 59th Legislature (2024)
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3 SENATE BILL 1393 By: Haste
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6 AS INTRODUCED
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7 An Act relating to the Oklahoma Department of
7 Aerospace and Aeronautics; creating the Long-Term
8 Aerospace and Aeronautics Infrastructure
8 Sustainability Revolving Fund; placing the fund
9 within the Oklahoma Department of Aerospace and
9 Aeronautics; authorizing budgeting and expenditure of
10 funds for certain purposes; requiring the monthly
10 report of balance and encumbrances of fund; providing
11 for codification; and declaring an emergency.
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14 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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15 SECTION 1. NEW LAW A new section of law to be codified
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16 in the Oklahoma Statutes as Section 415 of Title 3, unless there is
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17 created a duplication in numbering, reads as follows:
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18 There is hereby created in the State Treasury a revolving fund
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19 for the Oklahoma Department of Aerospace and Aeronautics to be
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20 designated the “Long-Term Aerospace and Aeronautics Infrastructure
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21 Sustainability Revolving Fund”. The fund shall be a continuing
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22 fund, not subject to fiscal year limitations, and shall consist of
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23 all monies received by the Department from appropriations designated
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24 for the purpose of construction, maintenance, or other capital
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 1 projects. The Director of the Oklahoma Department of Aerospace and
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2 Aeronautics shall, at the end of each month, provide a current
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3 balance and statement of encumbrances of the fund to the Chair of
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4 the Senate Appropriations Committee and the Chair of the House of
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5 Representatives Appropriations and Budget Committee. All monies
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6 accruing to the credit of the fund are hereby appropriated and may
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7 be budgeted and expended by the Oklahoma Department of Aerospace and
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8 Aeronautics for the sole purpose provided for in this section.
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9 Expenditures from the fund shall be made upon warrants issued by the
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10 State Treasurer against claims filed as prescribed by law with the
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11 Director of the Office of Management and Enterprise Services for
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12 approval and payment.
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13 SECTION 2. It being immediately necessary for the preservation
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14 of the public peace, health or safety, an emergency is hereby
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15 declared to exist, by reason whereof this act shall take effect and
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16 be in full force from and after its passage and approval.
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18 59-2-2596 MSBB 12/15/2023 2:22:50 PM
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