Oklahoma House Bill HB2767

Oklahoma 2026 Regular Session

• Introduced: 2/3/25
• Refer: 2/4/25
• Report Pass: 5/19/25
• Engrossed: 5/20/25

Caption

ROA-25 Revolving Fund; requiring transfer from certain fund to the ROA-25 Revolving Fund; transfer; amounts; budgeting and expenditure requirements.

Summary

HB2767 is an appropriations and fund-transfer measure that directs money into the ROA-25 Revolving Fund, which was created by a separate bill (Enrolled House Bill No. 2781). The bill requires the State Treasurer to transfer $180 million from the Perform Fund to the ROA-25 Revolving Fund and authorizes the Oklahoma Department of Commerce to transfer an additional $75 million from prior appropriated Commerce funds tied to Senate Bill 1179 from the 59th Legislature. The bill does not create a new program itself, but it supplies the financing for the ROA-25 Revolving Fund and specifies that the money must be budgeted and expended according to law. In practical terms, it shifts existing state dollars into a dedicated revolving fund for use under the framework established by the companion legislation, affecting the State Treasurer, the Department of Commerce, and any entities that will receive or administer ROA-25 funds.

Impact

HB2767 changes state fiscal law by moving a total of $255 million into the ROA-25 Revolving Fund through two separate transfers: one mandatory transfer from the Perform Fund and one authorized transfer from Department of Commerce appropriations. The bill affects state budgeting and fund accounting rather than substantive regulatory law, and it ties the use of those funds to the legal requirements governing the newly created revolving fund.

Sentiment

The bill appears to have generally favorable support among lawmakers, as reflected by strong committee approval and passage on House third reading. The House Appropriations and Budget Committee advanced it unanimously, while the Senate committee also recommended it despite some opposition, suggesting broad agreement on the funding mechanism but not complete consensus. The House floor vote was more divided than committee action, indicating some concern about the size or purpose of the transfers.

Contention

The main point of contention is the large transfer of public funds—especially the $180 million mandatory transfer from the Perform Fund and the additional $75 million from Commerce appropriations. Supporters appear to view the bill as necessary to capitalize the ROA-25 Revolving Fund, while opponents likely questioned the scale, source, or timing of the transfers and the use of existing appropriated money for this purpose. The split Senate committee vote and the less-than-unanimous House floor vote suggest that the funding approach, rather than the existence of the revolving fund itself, was the primary issue.