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OK SB1517
OK SB1517Oklahoma Historical Society; creating the Oklahoma Museum of Popular Culture Supplemental Revolving Fund. Directing transfer of funds. Emergency.
summary
Introduced
02/05/2024
02/05/2024
In Committee
02/21/2024
02/21/2024
Crossed Over
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2024 Regular Session
Bill Summary
An Act relating to the Oklahoma Historical Society; creating the Oklahoma Museum of Popular Culture Supplemental Revolving Fund; stating source of funds; providing for expenditures; requiring certain determination by the State Treasurer; requiring transfer of funds if certain determination is not made by certain date; directing transfer of funds; providing for codification; and declaring an emergency.
AI Summary
This bill creates the Oklahoma Museum of Popular Culture Supplemental Revolving Fund within the Oklahoma State Treasury. The fund will be used to provide funding for repairs, planning, staging, refurbishments, and improvements to the real and personal property of the Oklahoma Museum of Popular Culture. The bill requires the State Treasurer to determine that at least $18 million in local, county, federal, or donated funds have been provided for the museum before any expenditures can be made from the new revolving fund. If the State Treasurer does not make this determination by November 15, 2025, the remaining unencumbered funds in the revolving fund will be transferred to the state's General Revenue Fund. The bill also directs the transfer of $18 million from the Oklahoma Historical Society's existing appropriation to the new revolving fund.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
Coauthored by Representative Wallace (principal House author) (on 02/28/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1517&Session=2400 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLR/SFLR/SB1517%20SFLR.PDF |
| Fiscal Note/Analysis - Senate: SB1517 INT FI | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB1517%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1517%20INT%20BILLSUM.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/SB/SB1517%20INT.PDF |
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