Bill > HB1025

This bill creates a new revolving fund called the Oklahoma Department of Corrections Prison Rodeo Revolving Fund within the State Treasury. The fund will be a continuing fund that is not subject to typical fiscal year limitations, and it will consist of monies directed for deposit by law. The primary purpose of the fund is to support the restoration, rehabilitation, and expansion of the prison rodeo arena operated by the Oklahoma Department of Corrections. Expenditures from the fund will require warrants issued by the Department of Corrections and approved by the Office of Management and Enterprise Services. This means that money in the fund can be used flexibly for improving the prison rodeo facilities, with oversight from state financial management. The bill will become effective on November 1, 2025, providing a clear timeline for implementation of the new funding mechanism.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1025&Session=2600