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OK SB507
Bill
Status
2/7/2011
Primary Sponsor
Steve Russell
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AI Summary
SB507 Summary
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Establishes the "Administrative Reform Act" allowing school districts to contract with counties or municipalities to lease property for administrative services and offices.
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Requires school districts to sell any administrative property no longer in use due to leasing arrangements and that has no outstanding indebtedness.
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Directs all proceeds from property sales to be applied to the Teacher's Retirement System of Oklahoma as defined in Title 70, Section 17-102.
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Takes effect July 1, 2011 with an emergency declaration for immediate implementation.
Legislative Description
School administration; creating the Administrative Reform Act; permitting school districts to contract with municipalities for office space. Codification. Noncodification. Effective date. Emergency.
Government
Last Action
Second Reading referred to Education
2/8/2011