Oklahoma HB1352 repeals the Large-scale Economic Activity and Development Act of 2022 and transfers remaining funds to the General Revenue Fund.
Oklahoma HB1352 repeals the Large-scale Economic Activity and Development Act of 2022, which previously established a fund for economic development. The bill mandates the transfer of any unencumbered funds remaining in the Large-scale Economic Activity and Development Fund to the State Treasurer for deposit in the General Revenue Fund. This action follows the expiration of the Act and aims to ensure the proper allocation of these funds. The bill also includes an emergency clause, declaring immediate effect upon passage and approval.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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