Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
1
2 1st Session of the 60th Legislature (2025)
2
3 SENATE BILL 92 By: Bullard
3
4
4
5
5
6 AS INTRODUCED
6
7 An Act relating to water and water rights; creating
7 the Water and Wastewater Infrastructure Investment
8 Program; directing rule promulgation; providing for
8 certain priority scoring; defining terms; providing
9 for clawback of funds; requiring publication of
9 certain information; creating the Water and
10 Wastewater Infrastructure Investment Revolving Fund;
10 stating purpose of fund; establishing fund source;
11 providing for allocation of certain funds; making an
11 appropriation to the Water and Wastewater
12 Infrastructure Investment Revolving Fund; providing
12 for codification; providing for noncodification;
13 providing an effective date; and declaring an
13 emergency.
14
14
15
15
16 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
16
17 SECTION 1. NEW LAW A new section of law to be codified
17
18 in the Oklahoma Statutes as Section 1085.66 of Title 82, unless
18
19 there is created a duplication in numbering, reads as follows:
19
20 A. 1. The Oklahoma Water Resources Board shall establish and
20
21 administer a Water and Wastewater Infrastructure Investment Program.
21
22 The program shall include development of competitive loans for
22
23 eligible entities seeking to develop and implement water or
23
24 wastewater improvement projects. The Board shall promulgate rules
24
Req. No. 116 Page 1
1 to effectuate the provisions of this act and loan criteria for the
1
2 program.
2
3 2. Loan applications shall be ranked on criteria including, but
3
4 not limited to, the critical nature of the project, available
4
5 financing for the project, conservation and fiscal sustainability
5
6 efforts as demonstrated by participation in or completion of the
6
7 Long Range Sustainability Program administered by the Oklahoma Rural
7
8 Water Association, and pledge of matching funds, either through the
8
9 entity or a third-party source.
9
10 3. For the purposes of this section, "eligible entity" or
10
11 "eligible entities" means an eligible entity as defined pursuant to
11
12 Section 1085.32 of Title 82 of the Oklahoma Statutes.
12
13 B. All loans authorized pursuant to the provisions of this act
13
14 shall include a clawback provision in the funding agreement with an
14
15 eligible entity. For purposes of this subsection, a "clawback
15
16 provision" shall mean a condition precedent to participate in the
16
17 program whereby a loan recipient agrees in writing, signed by all
17
18 parties, to reimburse the program all or any part of the loan
18
19 disbursed to the recipient upon the failure of the recipient to
19
20 fulfill loan contract terms.
20
21 C. The Board shall create and publish an interactive map on the
21
22 Board's website displaying critical infrastructure needs and
22
23 proposed projects to be completed pursuant to the provisions of this
23
24 act. The map shall also display the status of proposed and approved
24
Req. No. 116 Page 2
1 projects, estimated completion dates, and any other information
1
2 deemed necessary by the Board.
2
3 SECTION 2. NEW LAW A new section of law to be codified
3
4 in the Oklahoma Statutes as Section 1085.67 of Title 82, unless
4
5 there is created a duplication in numbering, reads as follows:
5
6 A. 1. There is hereby created in the State Treasury a
6
7 revolving fund for the Oklahoma Water Resources Board to be
7
8 designated the "Water and Wastewater Infrastructure Investment
8
9 Revolving Fund". The fund shall be a continuing fund, not subject
9
10 to fiscal year limitations, and shall consist of all monies
10
11 appropriated pursuant to Section 3 of this act. All monies accruing
11
12 to the credit of the fund are hereby appropriated and may be
12
13 budgeted and expended by the Board for the purposes provided in this
13
14 act. The Board may enter into contracts with financial institutions
14
15 and execute such instruments as may be necessary to hold and
15
16 disseminate loan funds in accordance with applicable regulations and
16
17 Board policies.
17
18 2. Notwithstanding any other provisions of law, income and
18
19 investment return on fund principal and interest income and
19
20 repayment of principal on loans made from the balance of the fund
20
21 shall accrue to the fund.
21
22 B. 1. The Board may have full discretion of all monies within
22
23 the fund for enhancements, leveraging, and reserve capacities for
23
24
24
Req. No. 116 Page 3
1 the Board loan and grant programs, system evaluation and risk
1
2 assessment assistance, and long-range infrastructure planning.
2
3 2. The Board may reserve up to two percent (2%) per year from
3
4 the fund for the purpose of administering the Water and Wastewater
4
5 Infrastructure Investment Program. Any remaining funds may be
5
6 allocated to satisfy the purposes of paragraph 1 of this subsection.
6
7 C. The funds remaining following reserves and allocations made
7
8 pursuant to subsection B of this section shall be loaned to eligible
8
9 entities as prescribed by the program. Loan monies shall be
9
10 allocated based on the most current census data available from the
10
11 Federal Decennial Census or American Community Survey and shall be
11
12 as follows:
12
13 1. Twenty-five percent (25%) of the allocated funds shall be
13
14 for approved projects located within a municipality or county with a
14
15 population of more than four hundred thousand (400,000), or the
15
16 equivalent thereof for other eligible entities as prescribed by the
16
17 Board;
17
18 2. Twenty-five percent (25%) of the allocated funds shall be
18
19 for approved projects located within a municipality or county with a
19
20 population that is greater than thirty thousand (30,000) but less
20
21 than four hundred thousand (400,000), or the equivalent thereof for
21
22 other eligible entities as prescribed by the Board; and
22
23 3. Fifty percent (50%) of the allocated funds shall be for
23
24 approved projects located within a municipality or county with a
24
Req. No. 116 Page 4
1 population of less than thirty thousand (30,000), or the equivalent
1
2 thereof for other eligible entities as prescribed by the Board.
2
3 SECTION 3. NEW LAW A new section of law not to be
3
4 codified in the Oklahoma Statutes reads as follows:
4
5 There is hereby appropriated to the Water and Wastewater
5
6 Infrastructure Investment Revolving Fund from any monies not
6
7 otherwise appropriated from the General Revenue Fund of the State
7
8 Treasury for the fiscal year ending June 30, 2023, the sum of Five
8
9 Hundred Million Dollars ($500,000,000.00) or so much thereof as may
9
10 be necessary to perform the duties imposed upon the Oklahoma Water
10
11 Resources Board by law.
11
12 SECTION 4. This act shall become effective July 1, 2025.
12
13 SECTION 5. It being immediately necessary for the preservation
13
14 of the public peace, health or safety, an emergency is hereby
14
15 declared to exist, by reason whereof this act shall take effect and
15
16 be in full force from and after its passage and approval.
16
17
17
18 60-1-116 RD 1/19/2025 5:46:00 AM
18
19
19
20
20
21
21
22
22
23
23
24
24
Req. No. 116 Page 5Every fact on this page links to its source, starting with the official bill record.