The bill, known as Senate Bill No. 1160, appropriates a total of $311,000,000 to the Prison Acquisition Revolving Fund from the Revenue Stabilization Fund and the General Revenue Fund of the State Treasury. Specifically, it allocates $238,077,462 from the Revenue Stabilization Fund and $73,922,538 from the General Revenue Fund for the fiscal year ending June 30, 2023. These funds are designated for expenditure by law, aimed at supporting the operations and needs of the prison system in Oklahoma.
Additionally, the bill declares an emergency, stating that it is immediately necessary for the preservation of public peace, health, or safety, which allows the act to take effect immediately upon passage and approval. This urgency underscores the importance of the appropriations to address pressing needs within the state's prison system.