Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1399

Introduced
2/5/24  
Refer
2/6/24  
Report Pass
2/8/24  
Refer
2/8/24  
Report Pass
2/21/24  
Engrossed
3/12/24  
Refer
3/25/24  
Report Pass
4/11/24  
Enrolled
5/30/24  
Passed
6/14/24  

Caption

State property; creating the Oklahoma Capital Assets Maintenance and Protection Act; creating the Capital Assets Maintenance and Protection Fund; creating certain board. Effective date. Emergency.

Impact

The implementation of SB 1399 is expected to have a significant impact on Oklahoma's public property management. By providing a dedicated funding source and a framework for oversight, this legislation aims to improve the condition of state-owned infrastructure, including buildings used for education and tourism. The annual allocations will allow for planning and prioritizing necessary repairs and improvements, potentially reducing long-term maintenance costs and enhancing the functionality of public facilities. Overall, this act seeks to promote a proactive approach to capital asset management in the state, which could lead to improved public services.

Summary

Senate Bill 1399, known as the Oklahoma Capital Assets Maintenance and Protection Act, aims to establish a dedicated fund for the maintenance and management of state-owned properties and assets. This bill proposes the creation of the Oklahoma Capital Assets Maintenance and Protection Fund (OCAMP Fund), which will receive annual monetary allocations specifically designated for capital projects, repairs, and maintenance of public facilities and properties. The bill reflects a structured approach to ensuring that state assets are maintained effectively through systematic funding and oversight. Additionally, the proposal includes provisions for the establishment of the Oklahoma Capital Assets Management and Protection Board to oversee the fund's allocation and management.

Sentiment

Discussions surrounding SB 1399 have largely been favorable, emphasizing the bill's potential benefits for state asset management and public infrastructure. Supporters argue that establishing the OCAMP Fund will enable the state to better maintain and manage its properties, addressing long-standing maintenance issues that have affected public assets. However, there are concerns regarding the allocation process and whether the proposed amounts will be sufficient to meet the diverse needs of state facilities over time. Overall, the sentiment tends toward a positive support for this measure, balancing the recognition of its necessity against the apprehensions regarding execution.

Contention

Notable points of contention include the proposed budget allocations, and the mechanisms for oversight and management of the OCAMP Fund, particularly how funds will be apportioned among various sectors such as higher education and tourism. While the bill outlines how funds should be distributed, some stakeholders have expressed concerns about ensuring that all necessary sectors receive adequate support without bias. Moreover, the effectiveness of the Oklahoma Capital Assets Management and Protection Board in implementing the fund’s objectives remains a critical point under scrutiny among legislators and community advocates.

Companion Bills

No companion bills found.

Previously Filed As

OK SB1169

State property; Long-Range Capital Planning Commission; prescribing duties of the Commission; dissolving the Oklahoma Capital Assets Maintenance and Protection Act. Effective date. Emergency.

OK SB1169

State property; Long-Range Capital Planning Commission; prescribing duties of the Commission; dissolving the Oklahoma Capital Assets Maintenance and Protection Act. Effective date. Emergency.

OK SB1991

Long Range Capital Planning Commission; directing certain monies to OCAMP Fund; combining certain capital maintenance programs. Effective date. Emergency.

OK SB718

Oklahoma Capital Investment Board; repealing the Oklahoma Capital Formation Act and Board. Effective date.

OK SB718

Oklahoma Capital Investment Board; repealing the Oklahoma Capital Formation Act and Board. Effective date.

OK HB4308

Oklahoma Capitol Improvement Authority; public finance; investments; Legacy Capital Fund; effective date; emergency.

OK SB171

State Capitol building; modernizing provisions relating to State Capitol Building, Capitol Grounds, and Governor's Mansion maintenance. Emergency.

OK HB1002

Legacy Capital Financing Act; creating the Legacy Capital Financing Fund; placing with the Capitol Improvement Authority; limiting uses; recapitalization payments; schedule; emergency.

OK HB1814

State government; State Parks Emergency Maintenance Act; annual reporting; State Parks Emergency Maintenance Revolving Fund; effective date; emergency.

OK HB1814

State government; State Parks Emergency Maintenance Act; annual reporting; State Parks Emergency Maintenance Revolving Fund; effective date; emergency.

Similar Bills

OK HB4104

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OK SB1460

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OK SB1936

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OK HB3268

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OK SB881

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OK SB881

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