OK SB541

Establishes the Oklahoma Innovation, Efficiency and Accountability Act of 2011 to improve state government efficiency and accountability.

Requires state agencies to provide web-based license and permit applications through a portal system, with electronic signatures permitted when they do not create integrity risks.

Exempts driver license renewal applications from web-based licensing requirements and allows the Director of State Finance to exempt specific licenses or permits with documented justification.

Requires state agencies to report annually to the Office of State Finance on licenses issued, renewals, permits issued, and estimated savings from online processes.

Mandates state agencies include detailed financial services cost information in budget requests and requires the Director of State Finance to publish a cost-performance assessment, with bottom-performing agencies required to contract for shared financial services if cost savings are demonstrated.