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OK HB2792

Bill

Status

Passed

5/29/2025

Primary Sponsor

Trey Caldwell

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • 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

  • 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

  • Largest individual reappropriations include $25 million, three separate $20 million allocations, $22.35 million, $22.5 million, and $14 million for various designated projects

  • 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

  • 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

Committee Referrals

Appropriations and Budget2/4/2025

Full Bill Text

No bill text available