LARGE–SCALE ECONOMIC ACTIVITY AND DEVELOPMENT FUND

2022 Okla. Sess. Law Serv. Ch. 362 (H.B. 4454) (WEST)

2022 Okla. Sess. Law Serv. Ch. 362 (H.B. 4454) (WEST)
OKLAHOMA 2022 SESSION LAW SERVICE
Fifty-Eighth Legislature, 2022 Second Regular Session
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CHAPTER 362
H.B. No. 4454
LARGE–SCALE ECONOMIC ACTIVITY AND DEVELOPMENT FUND
An Act relating to the Large-scale Economic Activity and Development Fund; making an appropriation; identifying source; establishing amount; requiring certain amounts be used for certain purposes; and providing an effective date.
SUBJECT: Large–scale Economic Activity and Development Fund
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. There is hereby appropriated to the Large-scale Economic Activity and Development Fund created pursuant to Enrolled House Bill No. 4455 of the 2nd Session of the 58th Oklahoma Legislature from any monies not otherwise appropriated from the General Revenue Fund of the State Treasury for the fiscal year ending June 30, 2022, the sum of Six Hundred Ninety-eight Million Twenty Thousand Dollars ($698,020,000.00) to be budgeted and expended in accordance with law. Of those funds appropriated, the sum of Six Hundred Thirteen Million Twenty Thousand Dollars ($613,020,000.00) shall be used for the purpose of paying investment rebate payments awarded to establishments qualifying pursuant to division (1) of subparagraph a of paragraph 1 of subsection E of Section 4 of Enrolled House Bill No. 4455 of the 2nd Session of the 58th Oklahoma Legislature, and the sum of Eighty-five Million Dollars ($85,000,000.00) shall be used for the purpose of paying investment rebate payments awarded to establishments qualifying pursuant to division (2) of subparagraph a of paragraph 1 of subsection E of Section 4 of Enrolled House Bill No. 4455 of the 2nd Session of the 58th Oklahoma Legislature.
SECTION 2. This act shall become effective September 15, 2022.
Approved May 26, 2022.
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