Governor Fallin asks for passage of 'Quick Action Closing Fund'
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Published: 15-Mar-2011
CapitolBeatOK Staff Report

Published 15-Mar-2011
Governor Mary Fallin today (Tuesday, March 15) asked the Oklahoma Legislature to pass legislation authorizing an Oklahoma Quick Action Closing Fund. Her request renews a call first made in her State of the State Address last month.
The fund would be used as an economic development tool to bring businesses and new jobs to Oklahoma, similar to the Texas Enterprise Fund. To date, the TEF has generated over 56,000 new jobs and $14.7 billion in capital investment for Texas, according to the office of Texas Governor Rick Perry.
Fallin released the following statement, encouraging lawmakers to pass House Bill 1953, which would create that fund: 

“Authorizing a workable Quick Action Closing Fund is a key part of our job creation agenda. It will grant my administration an important tool as we work to ‘seal the deal’ with businesses that are serious about bringing a large number of jobs and a substantial investment to the state of Oklahoma. It is my hope the legislature works to pass HB 1953 as quickly as possible."

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