Oklahoma § 62-255.3 - Pandemic Relief Secondary Source Revolving Fund

§ 62-255.3. Pandemic Relief Secondary Source Revolving Fund

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

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.

Added by Laws 2022, 2nd Ex. Sess., c. 22 § 2.

NOTE: Editorially renumbered from § 255.2 of this title to avoid

duplication in numbering.