Okla. Stat. tit. 74, § 74-9209: State Broadband Grant Program Revolving Fund

A. The Office, with the participation and advice of the

Broadband Expansion Council and approval from the Board, shall

establish the State Broadband Grant Program. The Program shall

include development of competitive grants to be awarded to

applicants seeking to expand access to broadband Internet services

in this state, focusing on areas considered unserved and underserved

by the FCC. The Office, Council, and Board shall examine best

practices in other states to facilitate the framework of the

Program. The Office shall administer the Program.

B. No grants shall be developed or awarded under the provisions

of this program that would duplicate existing broadband Internet

services in this state.

C. In the administration of the grant program authorized by

this section, the Office shall secure service testing data to ensure

grant recipients provide the service or services proposed by such

recipients when applying for such grants.

D. All grant awards authorized pursuant to the provisions of

this section shall include a clawback provision. For purposes of

this subsection, a "clawback provision" shall mean a condition

precedent to participate in the program whereby a grant recipient

formally agrees to reimburse the program all or part of a grant

award upon the failure of the recipient to fulfill contract terms

included in the grant award.

E. There is hereby created in the State Treasury a revolving

fund for the Office to be designated the "State Broadband Grant

Program Revolving Fund". The revolving fund shall be a continuing

fund, not subject to fiscal year limitations, and shall consist of

all monies designated for deposit to said fund. All monies accruing

to the credit of said revolving fund are hereby appropriated and may

be budgeted and expended by the Office for purposes of awarding

grants by and through the Office pursuant to subsection A of this

section and for the operating expenses of the Office.