Oklahoma § 62-256 - Progressing Rural Economic Prosperity Fund (PREP Fund)

§ 62-256. Progressing Rural Economic Prosperity Fund (PREP Fund)

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

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.

Added by Laws 2022, c. 411, § 1, emerg. eff. May 27, 2022. Amended

by Laws 2025, c. 474, § 1, emerg. eff. May 29, 2025.