Bill > HB2767

This bill requires two specific financial transfers to the ROA-25 Revolving Fund, which was originally established by a previous legislative act (Enrolled House Bill No. 2781). First, the State Treasurer is mandated to transfer $180 million from the Perform Fund to the ROA-25 Revolving Fund. Second, the Oklahoma Department of Commerce is authorized to transfer $75 million from monies previously appropriated to it by another legislative act (Enrolled Senate Bill No. 1179). Both transfers are to be budgeted and expended in accordance with existing law. The total transfer amount of $255 million will be moved to the ROA-25 Revolving Fund, which appears to be a special purpose fund designed to support specific state initiatives or programs. The bill provides clear instructions on the source and amount of each transfer, ensuring transparency and specificity in the financial transaction.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2767&Session=2600