Bill > HB2792

This bill amends the existing law regarding the Progressing Rural Economic Prosperity Fund (PREP Fund) by establishing it as a continuing fund not subject to fiscal year limitations and clarifying its funding sources. Specifically, the bill reaffirms that the fund will consist of monies appropriated by the Legislature and ensures that several previously allocated appropriations from various enrolled House Bills of the 58th Oklahoma Legislature's 2nd Extraordinary Session will continue to be available. These appropriations total approximately $154,850,000 and cover various projects, including funds ranging from $1 million to $25 million from different sections of previous bills. The bill declares an emergency, which means it will take effect immediately upon passage and approval, ensuring that these rural economic development funds remain accessible and can be used as originally intended. The legislation aims to provide ongoing financial support for rural economic prosperity initiatives by preserving and clarifying the fund's status and allocations.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2792&Session=2600