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OK HB2125
Bill
Status
Introduced
2/7/2011
Primary Sponsor
Jeffrey Hickman
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AI Summary
HB 2125 Summary
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Modifies the calculation of Foundation Program Income in Oklahoma's State Aid formula for school districts
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Changes the Gross Production Tax component from 75% of prior year collections to 85% of prior year collections on a per capita basis
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Applies to state aid calculations beginning with the 1997-98 school year and each school year thereafter
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Effective date: July 1, 2011, with emergency clause for immediate implementation upon passage and approval
Legislative Description
Schools; modifying calculation of the State Aid formula; effective date; emergency.
Education - Common
Last Action
Second Reading referred to Rules
2/8/2011
Committee Referrals
Rules2/8/2011
Full Bill Text
No bill text available