Read the full stored bill text
An Act
ENROLLED HOUSE
BILL NO. 2792 By: Caldwell (Trey) and Kane of
the House
and
Hall and Haste of the
Senate
An Act relating to the Progressing Rural Economic
Prosperity Fund; amending Section 1, Chapter 411,
O.S.L. 2022 (62 O.S. Supp. 2024, Section 256), which
relates to the Progressing Rural Economic Prosperity
Fund; declaring the fund a continuing fund;
determining source of funds; providing for
reappropriation of funds; and declaring an emergency.
SUBJECT: Progressing Rural Economic Prosperity Fund
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY Section 1, Chapter 411, O.S.L.
2022 (62 O.S. Supp. 2024, Section 256), is amended to read as
follows:
Section 256. A. There is hereby created in the State Treasury
a special fund to be designated the "Progressing Rural Economic
Prosperity Fund", also known as the "PREP Fund". The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of all monies received by the Progressing Rural Economic
Prosperity Fund from appropriations. Said fund shall be subject to
legislative appropriation or transfer as provided by law and shall
consist of all such monies as the Legislature may direct to be
appropriated or transferred to said fund. Expenditures from said
fund pursuant to subsection B of this section shall be made upon
warrants issued by the State Treasurer against claims filed as
prescribed by law with the Director of the Office of Management and
Enterprise Services for approval and payment.
ENR. H. B. NO. 2792 Page 2
B. The following projects shall continue to receive the benefit
of funds originally appropriated in amounts from the Progressing
Rural Economic Prosperity Fund that may have lapsed, less any amount
that has been expended upon the effective date of this act:
1. Twenty-five Million Dollars ($25,000,000.00) appropriated by
Section 1 of Enrolled House Bill No. 1019 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
2. One Million Dollars ($1,000,000.00) appropriated by Section
2 of Enrolled House Bill No. 1019 of the 2nd Extraordinary Session
of the 58th Oklahoma Legislature;
3. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 2 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
4. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 3 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
5. Twenty Million Dollars ($20,000,000.00) appropriated by
Section 4 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
6. Twenty-two Million Three Hundred Fifty Thousand Dollars
($22,350,000.00) appropriated by Section 5 of Enrolled House Bill
No. 1016 of the 2nd Extraordinary Session of the 58th Oklahoma
Legislature;
7. Fourteen Million Dollars ($14,000,000.00) appropriated by
Section 6 of Enrolled House Bill No. 1016 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature;
8. Four Million Dollars ($4,000,000.00) appropriated by Section
7 of Enrolled House Bill No. 1016 of the 2nd Extraordinary Session
of the 58th Oklahoma Legislature;
9. Twenty-two Million Five Hundred Thousand Dollars
($22,500,000.00) appropriated by Section 2 of Enrolled House Bill
No. 1017 of the 2nd Extraordinary Session of the 58th Oklahoma
Legislature; and
ENR. H. B. NO. 2792 Page 3
10. Five Million Dollars ($5,000,000.00) appropriated by
Section 3 of Enrolled House Bill No. 1017 of the 2nd Extraordinary
Session of the 58th Oklahoma Legislature.
SECTION 2. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
ENR. H. B. NO. 2792 Page 4
Passed the House of Representatives the 20th day of May, 2025.
Presiding Officer of the House
of Representatives
Passed the Senate the 22nd day of May, 2025.
Presiding Officer of the Senate
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________