SB 1333 — Oklahoma Water Resources Board; establishing the Water Infrastructure Enhancement Program; creating the Water Infrastructure Enhancement Revolving Fund; creating the Oklahoma Water Resources Board Low-Interest Revolving Fund. Effective date. Emergency.

STATESENATE OFFLOOR OKLAHOMAVERSION 2February 2nd18, Session2026 ofAS theAMENDED 60th Legislature (2026) 3 SENATE BILL 1333NO. By:

Hall1333 4By: 5 AS INTRODUCED 7 An Act relating to the Oklahoma Water Resources Board;

establishingHall, Frix, and Pederson of the Senate and Caldwell (Trey) of the House 8 [ Oklahoma Water InfrastructureResources EnhancementBoard Program;- Program - rules - Revolving Fund - contracts - allotments - codification - effective date - emergency ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

stating purpose;

prescribing duties;

authorizing promulgation of rules;

creating the Water Infrastructure Enhancement Revolving Fund;

stating purpose;

authorizing the Oklahoma Water Resources Board to enter into certain contracts;

stating authorized allotments;

making an appropriation;

creating the Oklahoma Water Resources Board Low-Interest Revolving Fund;

stating purpose;

providing for codification;

providing an effective date;

and declaring an emergency.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

Req.B.

No.The duties of the Board in administering the program shall include, but not be limited to:

28211. Page 1 B.

The duties of the Board in administering the program shall 2 include, but not be limited to:

3 1.

5SENATE FLOOR VERSION - SB1333 SFLR Page 1 (Bold face denotes Committee Amendments) 3.

6 4.

7 5.

9 C.

Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims filed as Req.prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment.

No.2.

2821The PageBoard 2may prescribedenter byinto lawcontracts with thefinancial Directorinstitutions ofand theexecute Officesuch ofinstruments Managementas andmay be necessary to SENATE FLOOR VERSION - SB1333 SFLR Page 2 Enterprise(Bold Servicesface fordenotes approvalCommittee Amendments) hold and payment.disseminate funds in accordance with applicable regulations and Board policies.

3B. 2.

TheMonies Boardallocated mayto enterthe intoWater contractsInfrastructure withEnhancement financialRevolving institutionsFund andpursuant executeto suchthis instrumentssection as may be necessaryexpended to 5 hold and disseminate funds in accordancethe withfollowing applicableallotments: regulations 6 and Board policies.

7 B.

Monies allocated to the Water Infrastructure Enhancement Revolving Fund pursuant to this section may be expended in the 9 following allotments:

NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 1086.101086.11 of Title 82, unless there is created a duplication in numbering, reads as follows:

There is hereby appropriatedcreated toin the WaterState InfrastructureTreasury Enhancementa Revolvingrevolving Fundfund fromfor anythe moniesOklahoma notWater otherwiseResources appropriatedBoard fromto thebe Generaldesignated Revenuethe Fund“Oklahoma ofWater theResources StateBoard TreasuryLow-Interest forRevolving Req.Fund”.

No.The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma Water Resources Board from the Water Infrastructure Enhancement Revolving Fund pursuant to paragraph 3 of subsection B SENATE FLOOR VERSION - SB1333 SFLR Page 3 (Bold face denotes Committee Amendments) of Section 2 of this act.

2821 Page 3 the fiscal year ending June 30, 2027, the sum of Fifty Million 2 Dollars ($50,000,000.00) or so much thereof as may be necessary to 3 perform the duties imposed upon the Oklahoma Water Resources Board by law.

5 SECTION 4.

NEW LAW A new section of law to be codified 6 in the Oklahoma Statutes as Section 1086.11 of Title 82, unless 7 there is created a duplication in numbering, reads as follows:

There is hereby created in the State Treasury a revolving fund 9 for the Oklahoma Water Resources Board to be designated the “Oklahoma Water Resources Board Low-Interest Revolving Fund”.