A. There is hereby created in the State Treasury until July 1, 2027, a revolving fund for the Health Care Workforce Training Commission to be designated the "Health Care Workforce Development Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all available monies: 1. Received by the state as Coronavirus State and Local Fiscal Recovery Funds pursuant to Section 9901 of the American Rescue Plan Act of 2021, Pub. L. No. 117-2; 2. Directed to the state by the federal government for the purpose of recruiting, educating, and stabilizing Oklahoma's health care workforce; 3. Derived as interest and income from deposits and investments of fund assets; and 4. Designated for deposit by law. B. 1. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Health Care Workforce Training Commission for authorized purposes as provided in paragraph 2 of this subsection. 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. 2. All monies accruing to the credit of said fund shall be utilized for the purpose of recruiting, educating, and stabilizing Oklahoma's health care workforce, including the costs and expenses of operating such programs. 3. All monies accruing to the credit of the fund shall be budgeted or encumbered no later than December 31, 2024, and shall be expended no later than December 31, 2026. 4. All monies accruing to the credit of the fund shall be budgeted, expended, and transferred in strict accordance with applicable state and federal law and guidance providing for and limiting the utilization of such funds. Added by Laws 2022, c. 407, § 2. NOTE: In accordance with Article VI, Section 11, of the Oklahoma Constitution, House Bill 2776 became law without the Governor's signature. It was filed with the Oklahoma Secretary of State on May 27, 2022.
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