House Bill No. 2780 establishes the "Prison Acquisition Revolving Fund" within the State Treasury, which will serve as a continuing 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 process for expenditures from this fund, which will be made through warrants issued by the State Treasurer upon 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 to include any facility purchased under the new revolving fund. The bill also declares an emergency, allowing it 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