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OK SB1160

OK SB1160
Prison Acquisition Revolving Fund; making appropriations. Emergency.


summary

Introduced
03/31/2025
In Committee
05/19/2025
Crossed Over
05/20/2025
Passed
05/29/2025
Dead
Signed/Enacted/Adopted
05/29/2025

Introduced Session

2025 Regular Session

Bill Summary

An Act ENROLLED SENATE BILL NO. 1160 By: Hall and Haste of the Senate and Caldwell (Trey) and Kane of the House An Act relating to the Prison Acquisition Revolving Fund; making appropriations; stating purpose; and declaring an emergency. SUBJECT: Prison Acquisition Revolving Fund

AI Summary

This bill appropriates a total of $312,000,000 to the Prison Acquisition Revolving Fund, which was originally created by Enrolled House Bill No. 2780 during the 1st Session of the 60th Oklahoma Legislature. Specifically, the bill allocates $238,077,462 from the Revenue Stabilization Fund and an additional $73,922,538 from the General Revenue Fund for the fiscal year ending June 30, 2023. The funds are to be expended according to existing law. The bill contains an emergency clause, which means it will take effect immediately upon passage and approval, with the stated purpose of preserving public peace, health, and safety. The bill was passed by the Oklahoma Senate on May 20, 2025, and by the House of Representatives on May 22, 2025, and is awaiting final gubernatorial approval.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Becomes law without Governor's signature 05/29/2025 (on 05/29/2025)

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