House Bill No. 2780 establishes the "Prison Acquisition Revolving Fund" within the State Treasury, which will serve as a continuous fund for the Department of Corrections. This fund will consist of all designated deposits and is appropriated for the purpose of purchasing prisons and associated property from private contractors. The bill outlines the procedures for expenditure from this fund, requiring warrants issued by the State Treasurer and approval from the Director of the Office of Management and Enterprise Services.

Additionally, the bill amends Section 509 of Title 57 of the Oklahoma Statutes to update 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 amendments also include a reorganization of the remaining facilities, renumbering them accordingly. 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
Enrolled (final version): 57-509