Okla. Stat. tit. 70, § 70-697.21b: Health Care Workforce Development Revolving Fund

A. There is hereby created in the State Treasury until July 1,

2027, a revolving fund for the Health Care Workforce Training

Commission to be designated the "Health Care Workforce Development

Revolving Fund". The fund shall be a continuing fund, not subject

to fiscal year limitations, and shall consist of all available

monies:

1. Received by the state as Coronavirus State and Local Fiscal

Recovery Funds pursuant to Section 9901 of the American Rescue Plan

Act of 2021, Pub. L. No. 117-2;

2. Directed to the state by the federal government for the

purpose of recruiting, educating, and stabilizing Oklahoma's health

care workforce;

3. Derived as interest and income from deposits and investments

of fund assets; and

4. Designated for deposit by law.

B. 1. All monies accruing to the credit of said fund are

hereby appropriated and may be budgeted and expended by the Health

Care Workforce Training Commission for authorized purposes as

provided in paragraph 2 of this subsection. Expenditures from said

fund shall be made upon warrants issued by the State Treasurer

against claims filed as prescribed by law with the Director of the

Office of Management and Enterprise Services for approval and

payment.

2. All monies accruing to the credit of said fund shall be

utilized for the purpose of recruiting, educating, and stabilizing

Oklahoma's health care workforce, including the costs and expenses

of operating such programs.

3. All monies accruing to the credit of the fund shall be

budgeted or encumbered no later than December 31, 2024, and shall be

expended no later than December 31, 2026.

4. All monies accruing to the credit of the fund shall be

budgeted, expended, and transferred in strict accordance with

applicable state and federal law and guidance providing for and

limiting the utilization of such funds.