SB 1040 Summary

• Amends 82 O.S. 2011, Section 1085.7A to rename the "Community Water Infrastructure Development Revolving Fund" to the "Community Water Infrastructure Development and Planning Revolving Fund"

• Modifies fund allocation by replacing reference to the "Oklahoma Comprehensive Water Plan" with the "Statewide Water Development and Planning Revolving Fund" for the 50% of funds designated for planning purposes

• Makes technical corrections to statutory language, including replacing "said" with "the" and "Sections 89.1" with "Section 89.1a" in references to Oklahoma Statutes Title 62

• Amends 82 O.S. 2011, Section 1085.40 to add "and Planning" to the name of the "Statewide Water Development Revolving Fund"

• Declares an emergency effective immediately upon passage and approval