The bill establishes the "Oklahoma Department of Veterans Affairs Supplemental Revolving Fund," which will be created within the State Treasury. This fund will be a continuous source of financing for the Oklahoma Department of Veterans Affairs, consisting of nonappropriated revenue streams such as donations and eligible federal funds. The purpose of the fund is to enhance transparency, decrease reliance on annual appropriations, and allow for reinvestment in veterans' programs. The bill outlines that all funds received will be appropriated and can be budgeted and expended by the Department, with expenditures made through warrants issued by the State Treasurer.
The act is set to take effect on July 1, 2026, and includes an emergency clause, indicating its immediate necessity for the preservation of public peace, health, or safety. This provision ensures that the bill will be enacted and enforced promptly upon passage and approval.