SECTION 730:10-1-3. Eight Year Construction Work Plan budgetary projections

(a)   The budgetary projections utilized for the basis of the fiscally responsible and financially balanced Eight Year Construction Work Plan shall be established through a systematic evaluation of the department's anticipated state-aid and federal-aid revenues and expenditures. Projections shall be performed for the subsequent eight federal fiscal years with the federal fiscal year defined as beginning October 1st and ending on September 30th. The budgetary projections shall only address funding that has been historically and/or categorically committed to state, federal and interstate highway system improvements. The budgetary projections by Commission District shall be adjusted accordingly to the reflect debt service requirements associated with any federal-aid bond program.

(b)   The following formula, that considers common demographic, physical and historical criteria and yields a divisional percentage that renders an equitable distribution of the available funds, shall be applied to the statewide projections to establish a baseline fiscal year projection for each Field Division but no Commission District shall receive less than six percent (6%) of the statewide projection: (% of Population + % of Mainline Highway System Miles + % of Previous 15 Year Const. Program) divided by 3.

(c)   The baseline fiscal year projection for each Field Division shall be adjusted to ensure the funds are equitably distributed by the formula. The adjustment shall consider the actual project expenditures statewide as compared to the actual project expenditures per Field Division. To eliminate drastic fluctuations in any one baseline fiscal year projection, over or under expenditures will be distributed over a four year time frame.

[Source: Amended at 17 Ok Reg 1368, eff 5-11-00; Amended at 29 Ok Reg 1488, eff 6-25-12]