House Bill No. 2794 appropriates funds to the Oklahoma Department of Commerce from the Progressing Rural Economic Prosperity Fund for specific projects. The bill allocates a total of $10.8 million for three distinct purposes: $5 million for the development of a municipal park in a county with a population exceeding 750,000, $4 million for the relocation of a naval submarine, and $1.8 million for infrastructure improvements at an industrial park. These appropriations are intended to enhance economic development and infrastructure in targeted areas of the state.
The bill establishes these appropriations as new sections of law that will not be codified in the Oklahoma Statutes, ensuring that the funds are specifically designated for the outlined projects without altering existing legal frameworks. The funding is sourced from unallocated monies within the Progressing Rural Economic Prosperity Fund, emphasizing the state's commitment to fostering economic growth in regions with significant population and industrial potential.