Bill No. 2780 establishes the "Prison Acquisition Revolving Fund" within the State Treasury, designated for the Department of Corrections. This fund will be a continuous source of financing, not limited by fiscal year constraints, and will consist of all legally designated deposits. The Department is authorized to use these funds to purchase prisons and associated properties from private contractors, with expenditures made through warrants issued by the State Treasurer upon approval from the Office of Management and Enterprise Services.

Additionally, the bill amends Section 509 of Title 57 of the Oklahoma Statutes, updating the list of facilities that the Department of Corrections is authorized to maintain. Notably, it removes the Oklahoma City Community Corrections Center from the list and adds a provision for any facility purchased under the new fund. The bill also includes various updates to the numbering of the facilities listed, ensuring clarity and accuracy in the law. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.

Statutes affected:
House Committee Substitute: 57-509
Floor (House): 57-509
Engrossed: 57-509