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OK SB1943
Bill
AI Summary
SB 1943 Summary
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Allows school districts to transfer monies from the general fund to the building fund, removing previous prohibitions on such transfers.
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Amends 70 O.S. 2001, Section 1-117 to authorize general fund transfers to building fund created under Section 1-118.
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Removes the restriction that prohibited placing monies derived from school levies (Article X, Section 9 of Oklahoma Constitution) into the building fund.
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Effective July 1, 2010, with emergency clause allowing immediate implementation upon passage and approval.
Legislative Description
Schools; allowing board of education of a school district to transfer monies in general fund to building fund. Effective date. Emergency.
Education - Common
Last Action
coauthored by Russ (principal House author)
2/22/2010
Committee Referrals
Appropriations2/2/2010
Full Bill Text
No bill text available