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OK HB1650
Bill
Status
2/7/2011
Primary Sponsor
Jason Nelson
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AI Summary
HB 1650 Summary
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Amends the Oklahoma Program Performance Budgeting and Accountability Act (62 O.S. Section 45.1) to add reporting requirements and penalties for state agencies operating without appropriated Legislature funds.
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Establishes tiered penalties for state agencies that fail to produce and submit required reports in the prescribed manner: 1% of fee revenue for first violation, 2% for second violation, and 5% for subsequent violations, with penalties directed to the State Auditor and Inspector.
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Requires agencies delinquent more than 30 days to undergo an audit at their own expense, with audit costs paid to either the State Auditor and Inspector or the Legislative Service Bureau if the latter cannot complete it within 90 days.
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Directs the Office of State Finance to calculate penalties and reduce agency revenues accordingly, and requires the Office of State Finance to publish an annual list of violating agencies on its website.
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Becomes effective July 1, 2011, with an emergency declaration for immediate implementation.
Legislative Description
Public finance; Oklahoma Program Performance Budgeting and Accountability Act; modifying submission of certain report by certain agencies; effective date; emergency.
Government
Last Action
CR; Do Pass General Government Committee
2/24/2011