Progressing Rural Economic Prosperity Fund; declaring the fund a continuing fund; source; reappropriation of funds; emergency.
HB 2792 preserves over $120 million in existing rural economic funding by designating the "Progressing Rural Economic Prosperity Fund" (PREP Fund) as a continuing fund, no longer subject to annual fiscal year limits. It ensures specific projects funded by prior legislation - such as $25 million from HB 1019 (58th Legislature) and $22.5 million from HB 1017 - retain their full allocations without needing new annual appropriations. The bill directly affects rural economic development projects that received these previously allocated funds, preventing lapse of committed resources. It makes no new spending commitments but secures continuity for existing rural economic initiatives.
Bill status
passed both
4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
May 2025
Senate Passage
May 2025
Governor
Introduced Feb 3, 2025
Last action May 29, 2025
Maddy AI version diff · 6 comparisons
What changed between versions
House Committee Substitute
→
Floor (House)
·
3 edits
MINOR
The bill was converted from a House Committee Substitute version to the Floor (House) version, primarily involving formatting and layout adjustments rather than substantive policy changes. The core legislative content regarding the Progressing Rural Economic Prosperity Fund (PREP Fund) remains unchanged, including all funding amounts, appropriation sources, and fund provisions.
TECHNICAL
Header formatting changed from 'STATE OF OKLAHOMA' to 'HOUSE OF REPRESENTATIVES - FLOOR VERSION' to indicate the bill has moved to the House floor for final consideration.
Page numbering and footer text were updated to reflect floor version tracking (HB2792 HFLR) instead of committee tracking (Req. No. 13811).
Committee report attribution was updated to show the Joint Committee on Appropriations and Budget with a 'DO PASS' recommendation dated 05/19/2025.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
23
Key actions
8
Committee
3
May 22, 2025
Committee
Referred for enrollment
lower
May 22, 2025
Upper · Passed
Engrossed measure signed, returned to House
upper
May 22, 2025
Upper · Passed
Emergency passed: Ayes: 40 Nays: 4
upper
May 22, 2025
Upper · Passed
Measure passed: Ayes: 35 Nays: 9
upper
May 22, 2025
Upper · Passed
JCR adopted
upper
May 20, 2025
Introduced
First Reading
upper
May 20, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
May 20, 2025
Committee
Referred for engrossment
lower
May 20, 2025
Lower · Passed
Third Reading, Measure and Emergency passed: Ayes: 78 Nays: 8
lower
May 20, 2025
Lower · Passed
JCR adopted
lower
May 19, 2025
Lower · Passed
JCR; Do pass, amended by committee substitute Joint Committee on Appropriations and Budget
lower
Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Trey Caldwell
RRepublican
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