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OK SB76
Bill
AI Summary
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Amends Oklahoma's Environmental Trust Revolving Fund (27A O.S. Section 2-3-403) to expand funding sources and permitted uses for the Department of Environmental Quality
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Removes the previous funding source tied to Section 354 of Title 17 and replaces it with broader authority to receive gifts, grants, reimbursements, and third-party payments for remediation or oversight costs
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Expands allowable expenditures beyond federal matching funds to include construction, reconstruction, infrastructure, equipping, operation, and maintenance of Department-owned properties or properties with legal access for remediation purposes
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Authorizes the Department to transfer monies between funds to meet cash flow needs, provided funds are returned to appropriate accounts for designated programs
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Effective date of July 1, 2015, with an emergency clause allowing immediate effect upon passage for public peace, health, and safety
Legislative Description
Department of Environmental Quality; modifying Environmental Trust Revolving Fund. Effective date.
Last Action
Recommendation to the full committee; Do Pass Appr/Sub-Natural Resources sub-committee
2/11/2015