Okla. Stat. tit. 62, § 62-255.3
This is the official text of Okla. Stat. tit. 62, § 62-255.3, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Pandemic Relief Secondary Source Revolving Fund
Official statutory text
There is hereby created in the State Treasury until July 1,
2028, a revolving fund for the Oklahoma Department of Commerce to be
designated the "Pandemic Relief Secondary Source Revolving Fund".
Except as otherwise provided in this section, the fund shall be a
continuing fund, not subject to fiscal year limitations, and shall
Oklahoma Statutes - Title 62. Public Finance Page 358
consist of all monies directed for deposit to the fund by law. All
monies accruing to the credit of said fund are hereby appropriated
and shall be awarded by the Oklahoma Department of Commerce through
grants to cover costs that are:
1. Directly associated with industrial parks, airparks, and
ports at least partially funded by an appropriation from the
Statewide Recovery Fund of the State Treasury created in Enrolled
House Bill No. 3349 of the 2nd Session of the 58th Oklahoma
Legislature, with priority given to projects partially funded by the
Pandemic Relief Primary Source Revolving Fund; and
2. Anticipated by the Department to be ineligible expenditures
for reimbursement under the provisions of the American Rescue Plan
Act of 2021.
Expenditures from said fund shall be made upon warrants issued
by the State Treasurer against claims filed as prescribed by law
with the Director of the Office of Management and Enterprise
Services for approval and payment.
2028, a revolving fund for the Oklahoma Department of Commerce to be
designated the "Pandemic Relief Secondary Source Revolving Fund".
Except as otherwise provided in this section, the fund shall be a
continuing fund, not subject to fiscal year limitations, and shall
Oklahoma Statutes - Title 62. Public Finance Page 358
consist of all monies directed for deposit to the fund by law. All
monies accruing to the credit of said fund are hereby appropriated
and shall be awarded by the Oklahoma Department of Commerce through
grants to cover costs that are:
1. Directly associated with industrial parks, airparks, and
ports at least partially funded by an appropriation from the
Statewide Recovery Fund of the State Treasury created in Enrolled
House Bill No. 3349 of the 2nd Session of the 58th Oklahoma
Legislature, with priority given to projects partially funded by the
Pandemic Relief Primary Source Revolving Fund; and
2. Anticipated by the Department to be ineligible expenditures
for reimbursement under the provisions of the American Rescue Plan
Act of 2021.
Expenditures from said fund shall be made upon warrants issued
by the State Treasurer against claims filed as prescribed by law
with the Director of the Office of Management and Enterprise
Services for approval and payment.
Status: in_force · Read it on the official government site
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