Department of Commerce; requiring portions of certain funds be utilized for certain purposes; limitations and procedures; lapse of funds; effective date; emergency.

HB 2928, known as the Budget Implementation Act of 2023, directs the Oklahoma Department of Commerce to use specific portions of certain funds for designated purposes. The bill establishes limitations and procedures for these funds and includes a provision stating that the funds will lapse if not utilized as intended. It became effective on November 1, 2023, and was signed into law by the Governor in June 2024.