OKLAHOMA CENTER FOR THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY

2022 Okla. Sess. Law Serv. Ch. 368 (H.B. 4468) (WEST)

2022 Okla. Sess. Law Serv. Ch. 368 (H.B. 4468) (WEST)
OKLAHOMA 2022 SESSION LAW SERVICE
Fifty-Eighth Legislature, 2022 Second Regular Session
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CHAPTER 368
H.B. No. 4468
OKLAHOMA CENTER FOR THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY
An Act relating to the Oklahoma Center for the Advancement of Science and Technology; requiring that portions of certain appropriated funds be utilized for certain purposes; providing budgeting and expenditure limitations and procedures; providing lapse date; and requiring and prohibiting certain budget procedures.
SUBJECT: Oklahoma Center for the Advancement of Science and Technology
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. From the funds appropriated to the Oklahoma Center for the Advancement of Science and Technology in Enrolled Senate Bill No. 1040 of the 2nd Session of the 58th Oklahoma Legislature, One Million Eight Hundred Thousand Dollars ($1,800,000.00) shall be allocated to the Oklahoma Manufacturing Alliance for the purpose of Industrial Extension Services.
SECTION 2. From the funds appropriated to the Oklahoma Center for the Advancement of Science and Technology in Enrolled Senate Bill No. 1040 of the 2nd Session of the 58th Oklahoma Legislature, Two Hundred Eighty-two Thousand Dollars ($282,000.00) shall be allocated to the Oklahoma Small Business Research Assistance.
SECTION 3. From the funds appropriated to the Oklahoma Center for the Advancement of Science and Technology in Enrolled Senate Bill No. 1040 of the 2nd Session of the 58th Oklahoma Legislature, Four Hundred Fifty Thousand Dollars ($450,000.00) shall be allocated to the Inventors Assistance Services.
SECTION 4. Appropriations made by this act, not including appropriations made for capital outlay purposes, may be budgeted for the fiscal year ending June 30, 2023 (hereafter FY–23) or may be budgeted for the fiscal year ending June 30, 2024 (hereafter FY–24). Funds budgeted for FY–23 may be encumbered only through June 30, 2023, and must be expended by November 15, 2023. Any funds remaining after November 15, 2023, and not budgeted for FY–24, shall lapse to the credit of the proper fund for the then current fiscal year. Funds budgeted for FY–24 may be encumbered only through June 30, 2024. Any funds remaining after November 15, 2024, shall lapse to the credit of the proper fund for the then current fiscal year. These appropriations may not be budgeted in both fiscal years simultaneously. Funds budgeted in FY–23, and not required to pay obligations for that fiscal year, may be budgeted for FY–24, after the agency to which the funds have been appropriated has prepared and submitted a budget work program revision removing these funds from the FY–23 budget work program and after such revision has been approved by the Office of Management and Enterprise Services.
Approved May 26, 2022.
End of Document