Bill > SB663

This bill transfers the management of the Workforce Coordination Revolving Fund from the Oklahoma Department of Commerce to the Oklahoma Workforce Commission. The fund will now receive monies from the Statewide Recovery Fund and can be used to create a workforce data integration system, provide grants for critical workforce needs, and administer related projects. The bill includes important restrictions on fund usage, specifically requiring that expenditures comply with federal guidelines for the American Rescue Plan Act of 2021 and align with policies established by the Education and Economic Development Working Group within the Joint Committee on Pandemic Relief Funding. Any funds remaining in the revolving fund as of July 1, 2024, will be considered obligated by the Oklahoma Legislature for workforce development initiatives. Expenditures from the fund will be processed through warrants issued by the State Treasurer against claims approved by the Director of the Office of Management and Enterprise Services. The bill is marked as an emergency measure, meaning it will take effect immediately upon passage and approval.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb663&Session=2600