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OK HB2792
Bill
Status
5/29/2025
Primary Sponsor
Trey Caldwell
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AI Summary
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Redesignates the Progressing Rural Economic Prosperity Fund (PREP Fund) as a continuing fund not subject to fiscal year limitations, allowing unspent appropriations to carry over rather than lapse
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Reappropriates previously lapsed funds totaling $153.85 million across 10 specific projects originally funded through HB 1016, HB 1017, and HB 1019 from the 2nd Extraordinary Session of the 58th Oklahoma Legislature
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Largest individual reappropriations include $25 million, three separate $20 million allocations, $22.35 million, $22.5 million, and $14 million for various designated projects
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Requires expenditures to be made through warrants issued by the State Treasurer against claims filed with the Director of the Office of Management and Enterprise Services
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Declared an emergency measure, taking effect immediately upon passage and approval rather than following the standard 90-day waiting period
Legislative Description
Progressing Rural Economic Prosperity Fund; declaring the fund a continuing fund; source; reappropriation of funds; emergency.
Last Action
Becomes law without Governor's signature 05/29/2025
5/29/2025