ENGROSSED SENATE
BILL NO. 1359 	By:	Anderson of the Senate

			and

		Jackson of the House

[ higher education - New College funds - authorizing expenditure of funds - effective date -		emergency ]

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     70 O.S. 2001, Section 621.1, is amended to read as follows:
Section 621.1  The institutions of higher learning eligible for participation in the Section Thirteen Fund and the New College Fund, as provided in Sections 8 and 12 of the Enabling Act, ~~Sections 8 and 12;~~ Sections 1 and 5 of Article XI of the Constitution of the State of Oklahoma, ~~Article XI, Sections 1 and 5; Title 70, Section 617, O.S. 1951; and Title 64, Section 355, O.S. 1951,~~ and Section 355 of Title 64 of the Oklahoma Statutes, are hereby authorized to expend ~~said~~ the funds from time to time as needs arise for the construction and purchase of buildings, for the purchase of equipment, ~~and~~ for other capital additions, and during the fiscal year ending June 30, 2011, for ongoing operating expenses.  The provisions of this ~~act~~ section shall be cumulative to existing laws.
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 Senate the 22nd day of February, 2010.

	
Presiding Officer 	of the Senate

Passed the House of Representatives the ____ day of __________, 2010.

	
Presiding Officer	of the House
	of Representatives