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Bill

HB 2767

ROA-25 Revolving Fund; requiring transfer from certain fund to the ROA-25 Revolving Fund; transfer; amounts; budgeting and expenditure requirements.

2025 Regular Session Introduced by Trey Caldwell

Oklahoma HB 2767 transfers state funds to establish/capitalize a ROA-25 Revolving Fund with specific budgeting constraints, passing 66-23 without emergency status.

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Bill Summary · HB 2767

Legislative bill overview

HB 2767 establishes or modifies the ROA-25 Revolving Fund by requiring transfers from another state fund to capitalize it. The bill sets specific amounts for these transfers and imposes budgeting and expenditure requirements on how the revolving fund can be used.

Why is this important

Revolving funds are self-sustaining accounts where revenue generated or deposited cycles back into operations, reducing reliance on annual appropriations. This bill's requirements will determine which state programs receive dedicated funding and how flexibly that funding can be deployed, directly affecting budget predictability and agency operations.

Potential points of contention

  • Fund source unclear – The bill references "certain fund" without specifying which state fund faces the transfer, creating uncertainty about which agency, program, or service loses resources
  • Sustainability questions – Without knowing the fund's purpose or revenue model, it's unclear whether the revolving fund will generate sufficient returns or require supplemental appropriations
  • Emergency clause failure – The emergency provision failed (66-23 on passage vs. emergency vote), meaning the bill takes effect later, potentially delaying implementation of time-sensitive funding needs

Compiled from official sources — confirm details with the bill’s official record.

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