Bill > HB2407

This bill establishes the Oklahoma Main Street Grant Program Revolving Fund within the State Treasury, administered by the Oklahoma Department of Commerce. The fund will support preserving and developing main streets across Oklahoma, with grants available to designated Main Street programs that meet specific qualifications. To be eligible, a Main Street must be officially designated and qualified by the Oklahoma Main Street Program, and upon receiving a grant, must contract with the Department of Commerce, proving continued designation and submitting an invoice. The bill specifies that if a previously awarded Main Street loses its designation, it will be removed from the grant program, and its allocated funds will be redistributed evenly among remaining qualified recipients. Importantly, recipients cannot rely on future awarded funds for operations, but grants can be used for any operational costs in the year of award. Expenditures from the fund will be made through warrants issued by the State Treasurer against approved claims. The bill is set to become effective on July 1, 2025, and includes an emergency clause to emphasize its immediate importance for public peace, health, and safety.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2407&Session=2600