{"data":{"id":"us-ok/okla.-stat.-tit.-63-63-690.10","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 63, § 63-690.10","heading":"State Assistance Dedicated for Disaster-impacted Local","body":"Economies Revolving Fund.\n\nA. There is hereby created in the State Treasury a revolving\n\nfund for the Oklahoma Department of Emergency Management to be\n\ndesignated the \"State Assistance Dedicated for Disaster-impacted\n\nLocal Economies Revolving Fund\". The fund shall be a continuing\n\nfund, not subject to fiscal year limitations, and shall consist of\n\nall monies directed for deposit to the fund. All monies accruing to\n\nthe credit of said fund are hereby appropriated and may be budgeted\n\nand expended by the Oklahoma Department of Emergency Management for\n\nthe purpose of providing advanced financial liquidity to\n\ngovernmental subdivisions directly impacted by events attributing to\n\na Federal Emergency Management Agency (FEMA) declared emergency or\n\ndisaster, provided such governmental subdivision has entered into a\n\nqualifying repayment agreement with the Oklahoma Department of\n\nEmergency Management. Expenditures from said fund shall be made\n\nupon warrants issued by the State Treasurer against claims filed as\n\nprescribed by law with the Director of the Office of Management and\n\nEnterprise Services for approval and payment.\n\nB. As used in this section:\n\n1. \"Advanced financial liquidity\" means funding provided to\n\nfund gaps in mitigation of local and county revenue losses and\n\noperating deficits; infrastructure repair and replacement, including\n\nroad, sewer, and water facilities; temporary housing and shelter\n\nmade necessary by the result of the associated emergency or\n\ndisaster; and to fund gaps in required matching funds for\n\nparticipation in, or the benefit of, programs administered or funded\n\nby the Federal Emergency Management Agency (FEMA); and\n\n2. \"Qualifying repayment agreement\" means a memorandum of\n\nunderstanding or legally binding agreement which identifies the\n\npurpose of use for such advanced financial liquidity, and which\n\nidentifies the source of repayment by the governmental subdivision\n\nand a repayment timeline or standard for repayment.\n\nC. The Oklahoma Department of Emergency Management may\n\npromulgate rules as needed to implement the provisions of this\n\nsection.","path":["OK Code","Title 63"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os63.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"c3b816592d2fe4b1481b95785cbe79388ed9102ba4a2d71b8c002d127996900c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-63-63-690.1","next":"us-ok/okla.-stat.-tit.-63-63-690.2"},"notice":"GroundRules: Original legal text. Not legal advice."}