Progressing Rural Economic Prosperity Fund; declaring the fund a continuing fund; source; reappropriation of funds; emergency.
HB 2792 creates the "Progressing Rural Economic Prosperity Fund" (PREP Fund) as a continuing fund in Oklahoma, meaning it won't expire with fiscal years. The bill ensures specific existing appropriations - totaling $118.85 million from previous legislative sessions - continue funding rural economic projects without being subject to lapse. These funds support projects previously authorized under bills like HB 1016 and HB 1017 (2023), including infrastructure, business development, and community initiatives in rural Oklahoma. The law also allows the Legislature to reallocate funds as needed while preserving the original project allocations.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
May 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 29, 2025
Maddy AI version diff · 6 comparisons
What changed between versions
House Committee Substitute
→
Floor (House)
·
1 edit
MINOR
The bill was transitioned from a House Committee draft to the official House Floor version, primarily updating the header to reflect its current status in the legislative process. The substantive text regarding the creation and funding of the Progressing Rural Economic Prosperity Fund (PREP Fund) remains unchanged, preserving the specific dollar amounts and legislative sources designated for the fund.
Scope change
None; the bill's scope and applicability are identical to the committee version.
TECHNICAL
Updated the document header to change the title from 'HOUSE COMMITTEE SUBSTITUTE' to 'HOUSE OF REPRESENTATIVES - FLOOR VERSION' and adjusted page numbering to reflect the floor submission.
Floor votes · Senate May 22, 2025 · House May 20, 2025
How they voted
37–9
Passed · 4 other
Total votes 50
May 22, 2025
D
Democratic9
88% Yea
R
Republican41
70% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
8
Committee
3
May 22, 2025
Committee
Referred for enrollment
lower
May 22, 2025
Upper · Passed
Engrossed measure signed, returned to House
upper
May 22, 2025
Upper · Passed
Emergency passed: Ayes: 40 Nays: 4
upper
May 22, 2025
Upper · Passed
Measure passed: Ayes: 35 Nays: 9
upper
May 22, 2025
Upper · Passed
JCR adopted
upper
May 20, 2025
Introduced
First Reading
upper
May 20, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
May 20, 2025
Committee
Referred for engrossment
lower
May 20, 2025
Lower · Passed
Third Reading, Measure and Emergency passed: Ayes: 78 Nays: 8
lower
May 20, 2025
Lower · Passed
JCR adopted
lower
May 19, 2025
Lower · Passed
JCR; Do pass, amended by committee substitute Joint Committee on Appropriations and Budget
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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