ENGROSSED HOUSE
BILL NO. 2179	By:	Sears and Martin (Scott) of the House

				and

			Myers and Jolley of the Senate

An Act relating to the Oklahoma Water Resources Board; amending 82 O.S. 2001, Section 1085.7, which relates to the Water Resources Board Revolving Fund; modifying name of fund; creating the OWRB Revolving Fund; providing for certain transfers; and providing for codification.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     82 O.S. 2001, Section 1085.7, is amended to read as follows:
Section 1085.7  All monies derived from fees shall be deposited with the State Treasurer and credited, apportioned and appropriated to a separate and distinct fund to be known as the Water Resources Board Fee Revolving Fund to be used to enforce and administer the water duties of the Oklahoma Water Resources Board, but no monies shall be paid out of said Water Resources Board Fee Revolving Fund until the claim therefor has been itemized and verified by claimant and approved by the Oklahoma Water Resources Board and the Director of the Office of State Finance as provided by law.  When so approved, the State Treasurer shall draw his warrant therefor upon the State Treasurer and the same shall be paid out of the Water Resources Board Fee Revolving Fund hereby created.
SECTION 2.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 1085.7B of Title 82, unless there is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund for the Oklahoma Water Resources Board to be designated the “OWRB Revolving Fund”.  The fund shall be a continuing fund, not subject to fiscal year limitations and shall consist of all monies collected by the Oklahoma Water Resources Board which are not otherwise designated.  All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Oklahoma Water Resources Board for the purpose of duties imposed upon the Oklahoma Water Resources Board by law.
SECTION 3.     TRANSFER     There is hereby transferred the balance of the Statewide Water Development Revolving Fund created pursuant to Section 1085.40 of Title 82 of the Oklahoma Statutes, the balance of the Oklahoma Weather Modification Revolving Fund created pursuant to Section 1087.6 of Title 82 of the Oklahoma Statutes and the balance allowed in the Interagency Reimbursement Fund (443 Fund), pursuant to Section 581 of Title 74 of the Oklahoma Statutes to the OWRB Revolving Fund created in Section 2 of this act.  
Passed the House of Representatives the 13th day of May, 2011.

	
Presiding Officer of the House of
	Representatives

Passed the Senate the ____ day of __________, 2011.

	
Presiding Officer of the Senate