Senate Bill No. 248 establishes the Oklahoma Tourism and Recreation Department Revolving Fund within the State Treasury. The bill amends Section 2251 of Title 74 of the Oklahoma Statutes to create a continuing fund that is not subject to fiscal year limitations and is under the administrative direction of the Oklahoma Tourism and Recreation Department. The fund will consist of various sources of revenue, including money received from the Oklahoma Tourism, Parks and Recreation Enhancement Act, proceeds from the sale, transfer, lease, or other conveyance of real property under the jurisdiction of the Oklahoma Tourism and Recreation Commission (excluding certain concessionaire agreements), and interest from investments.

Additionally, the bill specifies that all funds accrued from the sale or conveyance of real property will be appropriated for maintenance and capital projects of state parks, with a stipulation that these funds cannot be used for employee compensation. Other expenditures from the fund will cover the administration, operation, and maintenance expenses of the Department, as well as the purchase of real property. The bill also clarifies that all expenditures must comply with state laws and statutes related to the Department and will be processed through the State Treasurer. The act is set to take effect on November 1, 2025.