HB2503 Summary

• Amends 82 O.S. 2011, Section 863.2 to modify the Grand River Dam Authority Board of Directors' responsibilities regarding business expense approval.

• Changes Board duty from approving all business expenses to approving only "material" business expenses necessary to conduct district operations.

• Authorizes the Board to delegate to the general manager responsibility for approving expenditures for business expenses as defined by the Board.

• Declares an emergency, making the act effective immediately upon passage and approval.