ENGROSSED HOUSE
BILL NO. 3061	By:	DeWitt, Fields, Denney and Walker of the House

			      and

		Justice of the Senate 

An Act relating to waters and water rights; creating the Water Infrastructure Revolving Account; making the account a permanent and perpetual account; stating source of funding; stating purpose of the funds; providing for codification; providing an effective date; and declaring an emergency.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 1085.85 of Title 82, unless there is created a duplication in numbering, reads as follows:
Within the Water Resources Fund created pursuant to Section 1085.33 of Title 82 of the Oklahoma Statutes, there is hereby created the “Water Infrastructure Revolving Account”.  The account shall be set apart as a permanent and perpetual account not subject to fiscal year limitations and shall consist of all monies received by the Oklahoma Water Resources Board from any source, whether public or private, that have been designated for deposit in the Water Infrastructure Revolving Account.  The monies in the Water Infrastructure Revolving Account shall be used for the purpose of establishing and maintaining critical water infrastructure in all areas of the state.
SECTION 2.  This act shall become effective July 1, 2010.
SECTION 3.  It being immediately necessary for the preservation of the public peace, health and 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 9th day of March, 2010.

	
Presiding Officer of the House of
	Representatives

Passed the Senate the ____ day of __________, 2010.

	
Presiding Officer of the Senate