Bill > HB1124

This bill modifies the existing Statewide Recovery Fund by removing a specific reference to the "Coronavirus Capital Projects Fund" from the American Rescue Plan Act of 2021. Currently, the fund consists of legislative appropriations and monies received under the American Rescue Plan Act, specifically from Section 9901 "Coronavirus State and Local Recovery Funds", excluding funds designated for Nonentitlement Units of Local Government. The bill maintains the existing provision that all interest and income derived from deposits to the Statewide Recovery Fund will be credited back to the same fund. The legislation is set to become effective on November 1, 2025, and appears to be a technical amendment to streamline the fund's description by removing a specific fund reference while preserving the overall structure and purpose of the Statewide Recovery Fund.

Budget and Finance, Business and Industry, Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1124&Session=2600