WORKFORCE COORDINATION REVOLVING FUND
OKLAHOMA 2024 SESSION LAW SERVICE Fifty-Ninth Legislature, 2024 Second Regular Session
2024 Okla. Sess. Law Serv. Ch. 437 (S.B. 1194) (WEST)
OKLAHOMA 2024 SESSION LAW SERVICE
Fifty-Ninth Legislature, 2024 Second Regular Session
CHAPTER 437
S.B. No. 1194
WORKFORCE COORDINATION REVOLVING FUND
An Act relating to the Workforce Coordination Revolving Fund; amending Section 3, Chapter 22, 2nd Extraordinary Session, O.S.L. 2022 (62 O.S. Supp. 2023, Section 255.4), which relates to the Workforce Coordination Revolving Fund; declaring funds as obligated by the Legislature; and declaring an emergency.
SUBJECT: Workforce Coordination Revolving Fund
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
<< OK ST T. 62 § 255.4 >>
SECTION 1. AMENDATORY Section 3, Chapter 22, 2nd Extraordinary Session, O.S.L. 2022 (62 O.S. Supp. 2023, Section 255.4), is amended to read as follows:
Section 255.4. A. There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Commerce to be designated the “Workforce Coordination Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies directed for deposit by law.
B. Any funds remaining in the Workforce Coordination Revolving Fund as of July 1, 2024, are hereby considered obligated by the Oklahoma Legislature for the purpose of workforce development initiatives.
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.
Approved June 14, 2024.
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