Bill No. 248, introduced by Senators Logan and Hill, amends existing law to establish two new revolving funds within the Oklahoma Tourism and Recreation Department. The first fund, designated as the Oklahoma Tourism and Recreation Department Revolving Fund, will consist of all monies received by the Department and will be a continuing fund not subject to fiscal year limitations. The bill specifies that all interest and income derived from this fund will be credited back to it, and expenditures will be made for the Department's administration, operation, maintenance expenses, and the purchase of real property, following the Oklahoma Tourism, Parks and Recreation Enhancement Act.

The second fund created by this bill is the Real Property Proceeds Revolving Fund, which will consist of funds derived from the sale, transfer, lease, or other conveyance of real property under the jurisdiction of the Oklahoma Tourism and Recreation Commission, excluding certain concessionaire agreements. This fund will also be a continuing fund not subject to fiscal year limitations, with appropriated funds available for maintenance and capital projects as outlined in an approved five-year plan. Notably, the bill prohibits the use of these funds for employee compensation and restricts the transfer of funds to other state agencies. The act is set to take effect on November 1, 2026.