ENROLLED HOUSE
BILL NO. 3821 By: Newton of the House
and
Jech of
the Senate
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 1004, which relates to apportionment and use of proceeds of tax; extending date of apportionment for certain funds; providing an effective date; and declaring an emergency.
SUBJECT:
Revenue and taxation
BE IT
ENACTED BY THE PEOPLE OF THE STATE OF
SECTION 1.
AMENDATORY 68 O.S. 2021,
Section 1004, is amended to read as follows:
Section 1004. A. As used in this section:
1. "Moving five-year
average amount for gas" means, for purposes of the apportionments
prescribed by this section, the amount of gross production tax on natural gas
collected for each of the five (5) complete fiscal years, as computed by the
State Board of Equalization pursuant to Section 34.103 of Title 62 of the
Oklahoma Statutes; and
2. "Moving five-year
average amount for oil" means, for purposes of the apportionments
prescribed by this section, the amount of gross production tax on oil collected
for each of the five (5) complete fiscal years, as computed by the State Board
of Equalization pursuant to Section 34.103 of Title 62 of the Oklahoma
Statutes.
B. Beginning July 1,
2017, the gross production tax provided for in Section 1001 of this title is
hereby levied and shall be collected and apportioned as follows:
1. For all monies
collected from the tax levied on asphalt or ores bearing uranium, lead, zinc,
jack, gold, silver or copper:
a. eighty-five
and seventy-two one-hundredths percent (85.72%) shall be paid to the State
Treasurer of the state to be placed in the General Revenue Fund of the state
and used for the general expense of state government, to be paid out pursuant
to direct appropriation by the Legislature,
b. seven
and fourteen one-hundredths percent (7.14%) of the sum collected from natural
gas and/or casinghead gas or asphalt or ores bearing uranium, lead, zinc, jack,
gold, silver or copper shall be paid to the various county treasurers to be
credited to the County Highway Fund as follows:
Each county shall receive a proportionate share of the funds available
based upon the proportion of the total value of production from such county in
the corresponding month of the preceding year, and
c. seven
and fourteen one-hundredths percent (7.14%) shall be allocated to each county
as provided for in subparagraph b of this paragraph and shall be apportioned,
on an average daily attendance per capita distribution basis, as certified by
the State Superintendent of Public Instruction to the school districts of the
county where such pupils attend school regardless of residence of such pupil,
provided the school district makes an ad valorem tax levy of fifteen (15) mills
for the current year and maintains twelve (12) years of instruction;
2. For all monies
collected from the tax levied on natural gas and/or casinghead gas at a tax
rate of seven percent (7%) pursuant to the provisions of subsection B of
Section 1001 of this title:
a. after
the total revenue apportioned to the General Revenue Fund as prescribed by
subparagraph b of this paragraph equals the moving five-year average amount for
gas as defined by paragraph 1 of subsection A of this section, there shall be
apportioned from the gross production tax levy imposed pursuant to Section 1001
of this title on natural gas and/or casinghead gas to the Revenue Stabilization
Fund created by Section 34.102 of Title 62 of the Oklahoma Statutes, the amount
of revenue, if any, which exceeds the moving five-year average amount for gas
as defined pursuant to paragraph 1 of subsection A of this section,
b. until
the apportionment to the General Revenue Fund equals the moving five-year
average amount for gas as prescribed by paragraph 1 of subsection A of this
section, eighty-five and seventy-two one-hundredths percent (85.72%) shall be
paid to the State Treasurer of the state to be placed in the General Revenue
Fund of the state and used for the general expense of state government, to be
paid out pursuant to direct appropriation by the Legislature,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
seven and fourteen one-hundredths percent (7.14%) of the sum collected from
natural gas and/or casinghead gas shall be paid to the various county
treasurers to be credited to the County Highway Fund as follows: Each county shall receive a proportionate
share of the funds available based upon the proportion of the total value of
production from such county in the corresponding month of the preceding year,
and
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
seven and fourteen one-hundredths percent (7.14%) shall be allocated to each
county as provided for in subparagraph c of this paragraph and shall be
apportioned, on an average daily attendance per capita distribution basis, as
certified by the State Superintendent of Public Instruction to the school
districts of the county where such pupils attend school regardless of residence
of such pupil, provided the school district makes an ad valorem tax levy of
fifteen (15) mills for the current year and maintains twelve (12) years of
instruction;
3. For all monies
collected from the tax levied on natural gas and/or casinghead gas at a tax
rate of four percent (4%) pursuant to the provisions of subsection B of Section
1001 of this title:
a. after
the total revenue apportioned to the General Revenue Fund as prescribed by
subparagraph b of this paragraph equals the moving five-year average amount for
gas as defined by paragraph 1 of subsection A of this section, there shall be
apportioned from the gross production tax levy imposed pursuant to Section 1001
of this title on natural gas and/or casinghead gas to the Revenue Stabilization
Fund created pursuant to Section 34.102 of Title 62 of the Oklahoma Statutes,
the amount of revenue, if any, which exceeds the moving five-year average
amount for gas as defined pursuant to paragraph 1 of subsection A of this
section,
b. until
the apportionment to the General Revenue Fund equals the moving five-year
average amount for gas as prescribed by paragraph 1 of subsection A of this
section, seventy-five percent (75%) shall be paid to the State Treasurer of the
state to be placed in the General Revenue Fund of the state and used for the
general expense of state government, to be paid out pursuant to direct
appropriation by the Legislature,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
twelve and one-half percent (12.5%) of the sum collected from natural gas
and/or casinghead gas shall be paid to the various county treasurers to be
credited to the County Highway Fund as follows:
Each county shall receive a proportionate share of the funds available
based upon the proportion of the total value of production from such county in
the corresponding month of the preceding year, and
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
twelve and one-half percent (12.5%) shall be allocated to each county as
provided for in subparagraph c of this paragraph and shall be apportioned, on
an average daily attendance per capita distribution basis, as certified by the
State Superintendent of Public Instruction to the school districts of the
county where such pupils attend school regardless of residence of such pupil,
provided the school district makes an ad valorem tax levy of fifteen (15) mills
for the current year and maintains twelve (12) years of instruction;
4. For all monies
collected from the tax levied on natural gas and/or casinghead gas at a tax
rate of one percent (1%) pursuant to the provisions of subsection B of Section
1001 of this title:
a. fifty
percent (50%) of the sum collected from natural gas and/or casinghead gas shall
be paid to the various county treasurers to be credited to the County Highway
Fund as follows: Each county shall
receive a proportionate share of the funds available based upon the proportion
of the total value of production from such county in the corresponding month of
the preceding year, and
b. fifty
percent (50%) shall be allocated to each county as provided for in subparagraph
a of this paragraph and shall be apportioned, on an average daily attendance
per capita distribution basis, as certified by the State Superintendent of
Public Instruction to the school districts of the county where such pupils
attend school regardless of residence of such pupil, provided the school
district makes an ad valorem tax levy of fifteen (15) mills for the current
year and maintains twelve (12) years of instruction;
5. For all monies
collected from the tax levied on natural gas and/or casinghead gas at a tax
rate of two percent (2%) pursuant to the provisions of paragraph 3 of
subsection B of Section 1001 of this title:
a. after
the total revenue apportioned to the General Revenue Fund as prescribed by
subparagraph b of this paragraph equals the moving five-year average amount for
gas as defined by paragraph 1 of subsection A of this section, there shall be
apportioned from the gross production tax levy imposed pursuant to Section 1001
of this title on gas to the Revenue Stabilization Fund created by Section
34.102 of Title 62 of the Oklahoma Statutes, the amount of revenue, if any,
which exceeds the moving five-year average amount for natural gas and/or
casinghead gas as defined pursuant to paragraph 1 of subsection A of this section,
b. until
the apportionment to the General Revenue Fund equals the moving five-year
average amount for gas as prescribed by paragraph 1 of subsection A of this
section, fifty percent (50%) shall be paid to the State Treasurer to be placed
in the General Revenue Fund of the state and used for the general expense of
state government, to be paid out pursuant to direct appropriation by the
Legislature,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five percent (25%) of the sum collected from natural gas and/or
casinghead gas shall be paid to the various county treasurers to be credited to
the County Highway Fund as follows: Each
county shall receive a proportionate share of the funds available based upon
the proportion of the total value of production from such county in the
corresponding month of the preceding year, and
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five percent (25%) shall be allocated to each county as provided for in
subparagraph c of this paragraph and shall be apportioned on an average daily
attendance per capita distribution basis, as certified by the State
Superintendent of Public Instruction, to the school districts of the county where
such pupils attend school regardless of residence of such pupil, provided the
school district makes an ad valorem tax levy of fifteen (15) mills for the
current year and maintains twelve (12) years of instruction;
6. For all monies
collected from the tax levied on oil at a tax rate of seven percent (7%)
pursuant to the provisions of subsection B of Section 1001 of this title:
a. there
shall be apportioned from the gross production tax levy imposed pursuant to
Section 1001 of this title on oil to the Revenue Stabilization Fund created by
Section 34.102 of Title 62 of the Oklahoma Statutes, after the applicable
maximum amount prescribed by subsection C of this section has been deposited to
the funds therein specified, the amount of revenue, if any, which would
otherwise be apportioned to the General Revenue Fund and which exceeds the
moving five-year average amount for oil as defined pursuant to paragraph 2 of
subsection A of this section,
b. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five and seventy-two one-hundredths percent (25.72%) shall be paid to
the State Treasurer to be placed in the Common Education Technology Revolving
Fund created in Section 34.90 of Title 62 of the Oklahoma Statutes,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five and seventy-two one-hundredths percent (25.72%) shall be paid to
the State Treasurer to be placed in the Higher Education Capital Revolving Fund
created in Section 34.91 of Title 62 of the Oklahoma Statutes,
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five and seventy-two one-hundredths percent (25.72%) shall be paid to
the State Treasurer to be placed in the Oklahoma Student Aid Revolving Fund
created in Section 34.92 of Title 62 of the Oklahoma Statutes,
e. before
any other apportionment of revenue has been made pursuant to this paragraph,
three and seven hundred forty-five one-thousandths percent (3.745%) shall be
distributed to the various counties of the state for deposit into the County
Bridge and Road Improvement Fund of each county based on a formula developed by
the Department of Transportation and approved by the Department of
Transportation County Advisory Board created pursuant to Section 302.1 of Title
69 of the Oklahoma Statutes to be used for the purposes set forth in the County
Bridge and Road Improvement Act. The
formula shall be similar to the formula currently used for the distribution of
monies in the County Bridge Program funds, but shall also take into
consideration the effect of the terrain and traffic volume as related to county
road improvement and maintenance costs,
f. before
any other apportionment of revenue has been made pursuant to this paragraph,
four and twenty-eight one-hundredths percent (4.28%) shall be paid to the State
Treasurer to be apportioned to:
(1) the
following sources and in the following amounts through the fiscal year ending
June 30, 2022 2027:
(a) thirty-three
and one-third percent (33 1/3%) to the Oklahoma Tourism and Recreation
Department Capital Expenditure Revolving Fund created pursuant to Section
2254.1 of Title 74 of the Oklahoma Statutes,
(b) thirty-three
and one-third percent (33 1/3%) to the Oklahoma Conservation Commission
Infrastructure Revolving Fund created pursuant to Section 3-2-110 of Title 27A
of the Oklahoma Statutes, and
(c) thirty-three
and one-third percent (33 1/3%) to the Community Water Infrastructure
Development Revolving Fund created pursuant to Section 1085.7A of Title 82 of
the Oklahoma Statutes, and
(2) the
Oklahoma Water Resources Board Rural Economic Action Plan Water Projects Fund
for the fiscal year beginning July 1, 2022 2027, and for each
fiscal year thereafter,
g. before
any other apportionment of revenue has been made pursuant to this paragraph,
seven and fourteen one-hundredths percent (7.14%) of the sum collected from oil
shall be paid to the various county treasurers, to be credited to the County
Highway Fund as follows: Each county
shall receive a proportionate share of the funds available based upon the
proportion of the total value of production from such county in the
corresponding month of the preceding year,
h. before
any other apportionment of revenue has been made pursuant to this paragraph,
seven and fourteen one-hundredths percent (7.14%) shall be allocated to each
county as provided in subparagraph g of this paragraph and shall be
apportioned, on an average daily attendance per capita distribution basis, as
certified by the State Superintendent of Public Instruction, to the school
districts of the county where such pupils attend school regardless of residence
of such pupil, provided the school district makes an ad valorem tax levy of
fifteen (15) mills for the current year and maintains twelve (12) years of
instruction, and
i. before
any other apportionment of revenue has been made pursuant to this paragraph,
five hundred thirty-five one-thousandths percent (0.535%) of the levy shall be
transmitted by the Oklahoma Tax Commission to the Statewide Circuit Engineering
District Revolving Fund as created in Section 687.2 of Title 69 of the Oklahoma
Statutes;
7. For all monies
collected from the tax levied on oil at a tax rate of four percent (4%)
pursuant to the provisions of subsection B of Section 1001 of this title:
a. there
shall be apportioned from the gross production tax levy imposed pursuant to
Section 1001 of this title on oil to the Revenue Stabilization Fund created by
Section 34.102 of Title 62 of the Oklahoma Statutes, after the applicable
maximum amount prescribed by subsection C of this section has been deposited to
the funds therein specified, the amount of revenue, if any, which would
otherwise be apportioned to the General Revenue Fund and which exceeds the
moving five-year average amount for oil as defined pursuant to paragraph 2 of
subsection A of this section,
b. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-two and one-half percent (22.5%) shall be paid to the State Treasurer to
be placed in the Common Education Technology Revolving Fund created in Section
34.90 of Title 62 of the Oklahoma Statutes,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-two and one-half percent (22.5%) shall be paid to the State Treasurer to
be placed in the Higher Education Capital Revolving Fund created in Section
34.91 of Title 62 of the Oklahoma Statutes,
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-two and one-half percent (22.5%) shall be paid to the State Treasurer to
be placed in the Oklahoma Student Aid Revolving Fund created in Section 34.92
of Title 62 of the Oklahoma Statutes,
e. before
any other apportionment of revenue has been made pursuant to this paragraph,
three and twenty-eight one-hundredths percent (3.28%) shall be distributed to
the various counties of the state for deposit into the County Bridge and Road
Improvement Fund of each county based on a formula developed by the Department
of Transportation and approved by the Department of Transportation County
Advisory Board created pursuant to Section 302.1 of Title 69 of the Oklahoma
Statutes to be used for the purposes set forth in the County Bridge and Road
Improvement Act. The formula shall be
similar to the formula currently used for the distribution of monies in the
County Bridge Program funds, but shall also take into consideration the effect
of the terrain and traffic volume as related to county road improvement and
maintenance costs,
f. before
any other apportionment of revenue has been made pursuant to this paragraph,
three and seventy-five one-hundredths percent (3.75%) shall be paid to the
State Treasurer to be apportioned to:
(1) the
following sources and in the following amounts through the fiscal year ending
June 30, 2022 2027:
(a) thirty-three
and one-third percent (33 1/3%) to the Oklahoma Tourism and Recreation
Department Capital Expenditure Revolving Fund created pursuant to Section
2254.1 of Title 74 of the Oklahoma Statutes,
(b) thirty-three
and one-third percent (33 1/3%) to the Oklahoma Conservation Commission
Infrastructure Revolving Fund created pursuant to Section 3-2-110 of Title 27A
of the Oklahoma Statutes, and
(c) thirty-three
and one-third percent (33 1/3%) to the Community Water Infrastructure
Development Revolving Fund created pursuant to Section 1085.7A of Title 82 of
the Oklahoma Statutes, and
(2) the
Oklahoma Water Resources Board Rural Economic Action Plan Water Projects Fund
for the fiscal year beginning July 1, 2022 2027, and for each
fiscal year thereafter,
g. before
any other apportionment of revenue has been made pursuant to this paragraph, twelve
and one-half percent (12.5%) of the sum collected from oil shall be paid to the
various county treasurers, to be credited to the County Highway Fund as
follows: Each county shall receive a
proportionate share of the funds available based upon the proportion of the
total value of production from such county in the corresponding month of the
preceding year,
h. before
any other apportionment of revenue has been made pursuant to this paragraph,
twelve and one-half percent (12.5%) shall be allocated to each county as
provided in subparagraph g of this paragraph and shall be apportioned on an
average daily attendance per capita distribution basis, as certified by the
State Superintendent of Public Instruction, to the school districts of the
county where such pupils attend school regardless of residence of such pupil,
provided the school district makes an ad valorem tax levy of fifteen (15) mills
for the current year and maintains twelve (12) years of instruction, and
i. before
any other apportionment of revenue has been made pursuant to this paragraph,
forty-seven one-hundredths percent (0.47%) of the levy shall be transmitted by
the Tax Commission to the Statewide Circuit Engineering District Revolving Fund
as created in Section 687.2 of Title 69 of the Oklahoma Statutes;
8. For all monies
collected from the tax levied on oil at a tax rate of one percent (1%) pursuant
to the provisions of subsection B of Section 1001 of this title:
a. fifty
percent (50%) of the sum collected shall be paid to the various county
treasurers, to be credited to the County Highway Fund as follows: Each county shall receive a proportionate
share of the funds available based upon the proportion of the total value of
production from such county in the corresponding month of the preceding year,
and
b. fifty
percent (50%) shall be allocated to each county as provided for in subparagraph
a of this paragraph and shall be apportioned on an average daily attendance per
capita distribution basis, as certified by the State Superintendent of Public
Instruction, to the school districts of the county where such pupils attend
school regardless of residence of such pupil, provided the school district
makes an ad valorem tax levy of fifteen (15) mills for the current year and
maintains twelve (12) years of instruction;
9. For all monies
collected from the tax levied on oil at a tax rate of two percent (2%) pursuant
to the provisions of paragraph 3 of subsection B of Section 1001 of this title:
a. there
shall be apportioned from the gross production tax levy imposed pursuant to
Section 1001 of this title on oil to the Revenue Stabilization Fund created by
Section 34.102 of Title 62 of the Oklahoma Statutes, the amount of revenue, if
any, which exceeds the moving five-year average amount for oil as defined
pursuant to paragraph 2 of subsection A of this section,
b. until
the apportionment to the General Revenue Fund equals the moving five-year
average amount for oil as prescribed by paragraph 2 of subsection A of this
section, fifty percent (50%) shall be paid to the State Treasurer to be placed
in the General Revenue Fund of the state and used for the general expense of
state government, to be paid out pursuant to direct appropriation by the
Legislature,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five percent (25%) of the sum collected from oil shall be paid to the
various county treasurers, to be credited to the County Highway Fund as
follows: Each county shall receive a
proportionate share of the funds available based upon the proportion of the
total value of production from such county in the corresponding month of the
preceding year, and
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-five percent (25%) shall be allocated to each county as provided in
subparagraph c of this paragraph and shall be apportioned on an average daily
attendance per capita distribution basis, as certified by the State
Superintendent of Public Instruction, to the school districts of the county
where such pupils attend school regardless of residence of such pupil, provided
the school district makes an ad valorem tax levy of fifteen (15) mills for the
current year and maintains twelve (12) years of instruction;
10. On or after June 28,
2018, the gross production tax levied on natural gas or casinghead gas at the
rate of five percent (5%) provided for in paragraph 3 of subsection B of
Section 1001 of this title shall be apportioned as follows:
a. after
the total revenue apportioned to the General Revenue Fund as prescribed by
subparagraph b of this paragraph equals the moving five-year average amount for
gas as defined by paragraph 1 of subsection A of this section, there shall be
apportioned from the gross production tax levy imposed pursuant to Section 1001
of this title on natural gas and/or casinghead gas to the Revenue Stabilization
Fund created pursuant to Section 34.102 of Title 62 of the Oklahoma Statutes,
the amount of revenue, if any, which exceeds the moving five-year average
amount for gas as defined pursuant to paragraph 1 of subsection A of this
section,
b. until
the apportionment to the General Revenue Fund equals the moving five-year
average amount for gas as prescribed by paragraph 1 of subsection A of this
section, eighty percent (80%) shall be paid to the State Treasurer of the state
to be placed in the General Revenue Fund of the state and used for the general
expense of state government, to be paid out pursuant to direct appropriation by
the Legislature,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
ten percent (10%) of the sum collected from natural gas and/or casinghead gas
shall be paid to the various county treasurers to be credited to the County
Highway Fund as follows: Each county
shall receive a proportionate share of the funds available based upon the
proportion of the total value of production from such county in the
corresponding month of the preceding year, and
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
ten percent (10%) shall be allocated to each county as provided for in
subparagraph c of this paragraph and shall be apportioned, on an average daily
attendance per capita distribution basis, as certified by the State
Superintendent of Public Instruction to the school districts of the county
where such pupils attend school regardless of residence of such pupil, provided
the school district makes an ad valorem tax levy of fifteen (15) mills for the
current year and maintains twelve (12) years of instruction; and
11. On or after June 28,
2018, the gross production tax on oil levied at the rate of five percent (5%) provided
for in paragraph 3 of subsection B of Section 1001 of this title shall be
apportioned as follows:
a. there
shall be apportioned from the gross production tax levy imposed pursuant to
Section 1001 of this title on oil to the Revenue Stabilization Fund created by
Section 34.102 of Title 62 of the Oklahoma Statutes, after the applicable
maximum amount prescribed by subsection C of this section has been deposited to
the funds therein specified, the amount of revenue, if any, which would
otherwise be apportioned to the General Revenue Fund and which exceeds the
moving five-year average amount for oil as defined pursuant to paragraph 2 of
subsection A of this section,
b. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-three and seventy-five one-hundredths percent (23.75%) shall be paid to
the State Treasurer to be placed in the Common Education Technology Revolving
Fund created in Section 34.90 of Title 62 of the Oklahoma Statutes,
c. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-three and seventy-five one-hundredths percent (23.75%) shall be paid to
the State Treasurer to be placed in the Higher Education Capital Revolving Fund
created in Section 34.91 of Title 62 of the Oklahoma Statutes,
d. before
any other apportionment of revenue has been made pursuant to this paragraph,
twenty-three and seventy-five one-hundredths percent (23.75%) shall be paid to
the State Treasurer to be placed in the Oklahoma Student Aid Revolving Fund
created in Section 34.92 of Title 62 of the Oklahoma Statutes,
e. before
any other apportionment of revenue has been made pursuant to this paragraph,
three and twenty-eight one-hundredths percent (3.28%) shall be distributed to
the various counties of the state for deposit into the County Bridge and Road
Improvement Fund of each county based on a formula developed by the Department
of Transportation and approved by the Department of Transportation County
Advisory Board created pursuant to Section 302.1 of Title 69 of the Oklahoma
Statutes to be used for the purposes set forth in the County Bridge and Road
Improvement Act. The formula shall be
similar to the formula currently used for the distribution of monies in the
County Bridge Program funds, but shall also take into consideration the effect
of the terrain and traffic volume as related to county road improvement and
maintenance costs,
f. before
any other apportionment of revenue has been made pursuant to this paragraph,
five percent (5%) shall be paid to the State Treasurer to be apportioned to:
(1) the
following sources and in the following amounts through the fiscal year ending
June 30, 2022 2027:
(a) thirty-three
and one-third percent (33 1/3%) to the Oklahoma Tourism and Recreation
Department Capital Expenditure Revolving Fund created pursuant to Section
2254.1 of Title 74 of the Oklahoma Statutes,
(b) thirty-three
and one-third percent (33 1/3%) to the Oklahoma Conservation Commission
Infrastructure Revolving Fund created pursuant to Section 3-2-110 of Title 27A
of the Oklahoma Statutes, and
(c) thirty-three
and one-third percent (33 1/3%) to the Community Water Infrastructure
Development Revolving Fund created pursuant to Section 1085.7A of Title 82 of
the Oklahoma Statutes, and
(2) the
Oklahoma Water Resources Board Rural Economic Action Plan Water Projects Fund
for the fiscal year beginning July 1, 2022 2027, and for each
fiscal year thereafter,
g. before
any other apportionment of revenue has been made pursuant to this paragraph,
ten percent (10%) of the sum collected from oil shall be paid to the various
county treasurers, to be credited to the County Highway Fund as follows: Each county shall receive a proportionate
share of the funds available based upon the proportion of the total value of
production from such county in the corresponding month of the preceding year,
h. before
any other apportionment of revenue has been made pursuant to this paragraph,
ten percent (10%) shall be allocated to each county as provided in subparagraph
g of this paragraph and shall be apportioned on an average daily attendance per
capita distribution basis, as certified by the State Superintendent of Public
Instruction, to the school districts of the county where such pupils attend
school regardless of residence of such pupil, provided the school district
makes an ad valorem tax levy of fifteen (15) mills for the current year and
maintains twelve (12) years of instruction, and
i. before
any other apportionment of revenue has been made pursuant to this paragraph,
forty-seven one-hundredths percent (0.47%) of the levy shall be transmitted by
the Tax Commission to the Statewide Circuit Engineering District Revolving Fund
as created in Section 687.2 of Title 69 of the Oklahoma Statutes.
C.
Provided, notwithstanding any other provision of this section, the total
amounts deposited to the Common Education Technology Revolving Fund, the Higher
Education Capital Revolving Fund, the Oklahoma Student Aid Revolving Fund, the
Rural Economic Action Plan Water Projects Fund, the Oklahoma Tourism and
Recreation Department Capital Expenditure Revolving Fund, the Oklahoma
Conservation Commission Infrastructure Revolving Fund and the Community Water
Infrastructure Development Revolving Fund pursuant to paragraphs 6, 7 and 11 of
subsection B of this section shall not exceed One Hundred Fifty Million Dollars
($150,000,000.00) in any fiscal year.
Except as otherwise provided in this subsection, all sums in excess of
One Hundred Fifty Million Dollars ($150,000,000.00) in any fiscal year which
would otherwise be deposited in such funds shall be apportioned by the Oklahoma
Tax Commission to the General Revenue Fund of the state.
SECTION 2.
This act shall become effective July 1, 2022.
SECTION 3.
It being immediately necessary for the preservation of the public peace,
health or safety, an emergency is hereby declared to exist, by reason whereof
this act shall take effect and be in full force from and after its passage and
approval.
Passed the
House of Representatives the 21st day of March, 2022.
Presiding
Officer of the House
of
Representatives
Passed the Senate the 26th day of
April, 2022.
Presiding
Officer of the Senate
OFFICE OF THE GOVERNOR
Received by the Office
of the Governor this ____________________ day of ___________________,
20_______, at _______ o'clock _______ M.
By:
_________________________________
Approved by the
Governor of the State of Oklahoma this _________ day of ___________________,
20_______, at _______ o'clock _______ M.
_________________________________
Governor of
the State of Oklahoma
OFFICE
OF THE SECRETARY OF STATE
Received by the Office
of the Secretary of State this __________ day of ___________________,
20_______, at _______ o'clock _______ M.
By:
_________________________________