Bill > HB1540

This bill establishes the Oklahoma Workforce Education Partnership Revolving Fund, a new fund within the State Treasury managed by the Oklahoma Department of Career and Technology Education. The fund will be a continuing fund not limited by fiscal years and will receive money from legislative appropriations, gifts, donations, and bequests. The purpose of the fund is to expand career and technology education based on critical occupation data. The Oklahoma Department of Career and Technology Education can budget and spend the fund's money, with expenditures processed through warrants issued by the State Treasurer and approved by the Office of Management and Enterprise Services. The fund will automatically cease to be effective on July 1, 2030. The bill will become effective on July 1, 2025, and contains an emergency clause indicating it is necessary for public peace, health, and safety, which means it will take effect immediately upon passage and approval.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1540&Session=2600