Bill No. 2794 appropriates funds to the Oklahoma Department of Commerce from the Progressing Rural Economic Prosperity Fund for various projects. Specifically, it allocates $5 million for a municipal park in a county with a population over 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 support economic development and infrastructure enhancements in specific areas of the state.
The bill establishes new sections of law that will not be codified in the Oklahoma Statutes, detailing the funding amounts and the specific purposes for which the funds are allocated. The appropriations are contingent upon the availability of unallocated funds from the Progressing Rural Economic Prosperity Fund, ensuring that the financial resources are directed towards projects that aim to bolster local economies and improve public facilities.