Okla. Stat. tit. 62, § 62-256
This is the official text of Okla. Stat. tit. 62, § 62-256, 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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Progressing Rural Economic Prosperity Fund (PREP Fund)
Official statutory text
A. There is hereby created in the State Treasury a special fund
to be designated the "Progressing Rural Economic Prosperity Fund",
also known as the "PREP Fund". The fund shall be a continuing fund,
not subject to fiscal year limitations, and shall consist of all
monies received by the Progressing Rural Economic Prosperity Fund
from appropriations. Said fund shall be subject to legislative
appropriation or transfer as provided by law and shall consist of
all such monies as the Legislature may direct to be appropriated or
transferred to said fund. Expenditures from said fund pursuant to
subsection B of this section 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.
B. The following projects shall continue to receive the benefit
of funds originally appropriated in amounts from the Progressing
Rural Economic Prosperity Fund that may have lapsed, less any amount
that has been expended upon the effective date of this act:
1. Twenty-five Million Dollars ($25,000,000.00) appropriated by
Section 1 of Enrolled House Bill No. 1019 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
Oklahoma Statutes - Title 62. Public Finance Page 360
2. One Million Dollars ($1,000,000.00) appropriated by Section
2 of Enrolled House Bill No. 1019 of the 2nd Extraordinary Session
of the 58th Oklahoma Legislature;
3. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 2 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
4. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 3 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
5. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 4 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
6. Twenty-two Million Three Hundred Fifty Thousand Dollars
($22,350,000.00) appropriated by Section 5 of Enrolled House Bill
No. 1016 of the 2nd Extraordinary Session of the 58th Oklahoma
Legislature;
7. Fourteen Million Dollars ($14,000,000.00) appropriated by
Section 6 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
8. Four Million Dollars ($4,000,000.00) appropriated by Section
7 of Enrolled House Bill No. 1016 of the 2nd Extraordinary Session
of the 58th Oklahoma Legislature;
9. Twenty-two Million Five Hundred Thousand Dollars
($22,500,000.00) appropriated by Section 2 of Enrolled House Bill
No. 1017 of the 2nd Extraordinary Session of the 58th Oklahoma
Legislature; and
10. Five Million Dollars ($5,000,000.00) appropriated by
Section 3 of Enrolled House Bill No. 1017 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature.
to be designated the "Progressing Rural Economic Prosperity Fund",
also known as the "PREP Fund". The fund shall be a continuing fund,
not subject to fiscal year limitations, and shall consist of all
monies received by the Progressing Rural Economic Prosperity Fund
from appropriations. Said fund shall be subject to legislative
appropriation or transfer as provided by law and shall consist of
all such monies as the Legislature may direct to be appropriated or
transferred to said fund. Expenditures from said fund pursuant to
subsection B of this section 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.
B. The following projects shall continue to receive the benefit
of funds originally appropriated in amounts from the Progressing
Rural Economic Prosperity Fund that may have lapsed, less any amount
that has been expended upon the effective date of this act:
1. Twenty-five Million Dollars ($25,000,000.00) appropriated by
Section 1 of Enrolled House Bill No. 1019 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
Oklahoma Statutes - Title 62. Public Finance Page 360
2. One Million Dollars ($1,000,000.00) appropriated by Section
2 of Enrolled House Bill No. 1019 of the 2nd Extraordinary Session
of the 58th Oklahoma Legislature;
3. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 2 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
4. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 3 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
5. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 4 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
6. Twenty-two Million Three Hundred Fifty Thousand Dollars
($22,350,000.00) appropriated by Section 5 of Enrolled House Bill
No. 1016 of the 2nd Extraordinary Session of the 58th Oklahoma
Legislature;
7. Fourteen Million Dollars ($14,000,000.00) appropriated by
Section 6 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
8. Four Million Dollars ($4,000,000.00) appropriated by Section
7 of Enrolled House Bill No. 1016 of the 2nd Extraordinary Session
of the 58th Oklahoma Legislature;
9. Twenty-two Million Five Hundred Thousand Dollars
($22,500,000.00) appropriated by Section 2 of Enrolled House Bill
No. 1017 of the 2nd Extraordinary Session of the 58th Oklahoma
Legislature; and
10. Five Million Dollars ($5,000,000.00) appropriated by
Section 3 of Enrolled House Bill No. 1017 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature.
Status: in_force · Read it on the official government site
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