OK SB1773

Amends 74 O.S. 2011, Section 2254.1 to extend the expiration date of the Oklahoma Tourism and Recreation Department Capital Expenditure Revolving Fund from July 1, 2014 to July 1, 2016.

Fund consists of gross production tax revenue apportionments and can be used for one-time capital expenditures for capital assets owned, managed, or controlled by the Oklahoma Tourism and Recreation Department.

Prohibits use of fund monies for administrative expenses, salaries, or any continuing obligations of the department.

Allows any monies remaining in the fund on July 1, 2016 that have been encumbered (but not expended) to be spent according to the terms of encumbrance.

Became effective November 1, 2014.