OK HB1560

Amends 68 O.S. 2001, Section 3137 regarding the resale property fund that receives penalties, interest, forfeitures, and proceeds from county property sales.

Requires county treasurers to file a financial statement of the resale property fund by June 30 each year, setting forth necessary reserves for delinquent tax publications, supplies, clerical costs, property maintenance, rebates, and tax deed claims.

Mandates the financial statement be made available to the public within 10 business days after completion, either through the county website (if maintained) or upon request at the county treasurer's or county clerk's office.

Establishes that any surplus remaining after reserves are set aside shall be apportioned to the county, cities, towns, and school districts according to specified formulas based on net assessed valuation.

Effective date is November 1, 2011.