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OK SB811
Bill
AI Summary
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Legislative intent established that the Grand River Dam Authority transfer all assets and management to the Oklahoma Public Employees Retirement System within 3 years of the act's effective date.
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The General Manager of GRDA and Executive Director of the Oklahoma Public Employees Retirement System must jointly submit a report to the Governor, President Pro Tempore of the Senate, and Speaker of the House by November 1, 2011.
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Report must outline a detailed transfer plan including any legislative recommendations necessary to accomplish the asset transfer.
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Act takes effect immediately upon passage and approval as an emergency measure.
Legislative Description
Grand River Dam Authority; stating legislative intent that the assets and management of GRDA be transferred to the Oklahoma Public Employees Retirement System. Noncodification. Emergency.
Utilities
Last Action
Failed in Committee - Retirement and Insurance
2/17/2011