Economic development; directing the Oklahoma Department of Commerce to allocate monies for certain purposes. Effective date. Emergency.
Second Reading referred to Economic Development, Workforce and Tourism Committee then to Appropriations Committee
Summary
The bill tells the Oklahoma Department of Commerce to set aside three‑tenths of any money it asks the Legislature for, and three‑tenths of any money it actually receives, for economic development projects in counties with fewer than 50,000 residents. If those rural projects are not used within 18 months, the money can be moved to other projects statewide. The measure aims to ensure rural areas share in state‑wide growth efforts.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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