A.
- 1. There is hereby created in the State Treasury a revolving fund for the Oklahoma Water Resources Board to be designated the “Water and Wastewater Infrastructure Investment Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies appropriated to the fund by law. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Board for the purposes provided in this act. The Board may enter into contracts with financial institutions and execute such instruments as may be necessary to hold and disseminate loan funds in accordance with applicable regulations and Board policies.
- 2. Notwithstanding any other provisions of law, principal and interest income and repayment of principal on loans made from the balance of the fund shall accrue to the fund.
- B. The Board shall have full discretion of all monies within the fund for enhancements, leveraging, and reserve capacities for the Board loan and grant programs, system evaluation and risk assessment assistance, and long-range infrastructure planning.
Laws 2026, SB 1176, c. 81, § 2, eff. July 1, 2026.