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OK SJR69

Joint Resolution

Status

Introduced

2/1/2010

Primary Sponsor

Cliff Branan

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Increases the maximum cap for Oklahoma's Constitutional Reserve Fund (Rainy Day Fund) from 10% to 15% of the General Revenue Fund certification from the preceding fiscal year

  • Removes obsolete language referencing the July 1, 1985 start date for depositing surplus funds into the Constitutional Reserve Fund

  • Changes gubernatorial authority regarding deficiency certificates from discretionary ("may in his discretion") to mandatory ("shall have discretion to"), clarifying the Governor's power to issue certificates up to $500,000 per fiscal year for state departments experiencing shortfalls

  • Requires the proposed constitutional amendment to be submitted to Oklahoma voters for approval or rejection through a ballot referendum

Legislative Description

Constitutional amendment; increasing maximum amount in Constitutional Reserve Fund.

Revenue and Taxation

Last Action

Second Reading referred to Appropriations

2/2/2010

Committee Referrals

Appropriations2/2/2010

Full Bill Text

No bill text available