Oklahoma SB248: Tourism; Oklahoma Tourism and Recreation Department Revolving Fund; properties; funds appropriated; creating the Real Property Proceeds Revolving Fund; funds appropriated; interest. Effective date.

What the bill says

An Act relating to tourism; amending 74 O.S. 2021, Section 2251, which relates to the Oklahoma Tourism and Recreation Department Revolving Fund; amending properties of the fund; declaring funds appropriated; determining interest stays within the fund; creating the Real Property Proceeds Revolving Fund; establishing revolving fund characteristics; declaring funds appropriated; determining interest stays within the fund; providing for codification; and providing an effective date. SUBJECT: Oklahoma Tourism and Recreation Department.

From the enrolled text, May 14, 2026:

An Act relating to tourism; amending 74 O.S. 2021, Section 2251, which relates to the Oklahoma Tourism and Recreation Department Revolving Fund; amending properties of the fund; declaring funds appropriated; determining interest stays within the fund; creating the Real Property Proceeds Revolving Fund; establishing revolving fund characteristics; declaring funds appropriated; determining interest stays within the fund; providing for codification; and providing an effective date. SUBJECT: Oklahoma Tourism and Recreation Department SECTION 1. AMENDATORY 74 O.S. 2021, Section 2251, is amended to read as follows: Section 2251. A. There is hereby created in the State Treasury a revolving fund for the Oklahoma Tourism and Recreation Department to be designated the "Oklahoma Tourism and Recreation Department Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Department pursuant to the provisions of this act, monies derived from the sale or conveyance of real property under the jurisdiction of the Commission, and interest attributable to investment of money in the fund. The revolving fund shall be a continuing fund not subject to fiscal year limitations and shall be under the administrative direction of the Department. Expenditures from the fund created by this section shall be for the administration, operation, and maintenance expenses of the Department, for purchase of real …

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