A. There is hereby created in the State Treasury a revolving fund to be designated as the "Preserving and Advancing County Transportation Fund" (PACT Fund). The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies directed for deposit to the fund by law including, but not limited to, apportionments made pursuant to paragraph 10 of subsection B of Section 1004 of Title 68 of the Oklahoma Statutes. All monies accruing to the credit of said fund are hereby appropriated and may be allocated, budgeted, and expended pursuant to subsection B of this section. Expenditures from said fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment. B. 1. Two-thirds (2/3) of the monies deposited to the credit of the PACT Fund shall be allocated as follows: a. to the various counties in a manner that increases a county's per county mile highway construction and maintenance ratio to a target ratio of Four Thousand Dollars ($4,000.00) per county road mile, prioritizing counties with the lowest such ratio, until all of the various counties reach such target ratio, and b. any remaining amounts as follows: (1) fifty percent (50%) shall be allocated to the various counties in the proportion which the certified county road miles of each county bears to the sum of county road miles in the state, and (2) fifty percent (50%) shall be allocated to the various counties in the proportion which the number of county bridges in each county according to the most recent ODOT Bridge Summary Report for County Bridges bears to the total sum of county bridges in the state according to such report. Each county treasurer shall deposit such funds to the county's county highway fund and such funds shall be used for constructing and maintaining the county highway system. 2. One-third (1/3) of the monies deposited to the credit of the PACT Fund shall be used as necessary for the reconstruction of county bridges on the portion of the county highway system defined as major collector routes in accordance with the provisions of Section 654 of Title 69 of the Oklahoma Statutes. Prior to any funds for such projects being allocated, the counties shall submit the proposed projects to the Department of Transportation, which shall evaluate and confirm whether the proposed projects are in accordance with the criteria provided for in this subsection. Bridges proposed for reconstruction will be generally evaluated based on the state of project innovation, readiness, structural adequacy, safety, serviceability, functional obsolescence, essentiality for public use, structural deficiency ranking as captured in the most recent ODOT Bridge Summary Report at the time of submission, and special reductions for characteristics such as detour length, traffic safety features, and current school bus routes. Upon confirmation by the Department of Transportation that a proposed project is in accordance with the criteria provided for in this subsection, funds shall be allocated to the county for use in such project.
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