HB 2857 Summary

• Establishes the "Oklahoma State Government Debt Transparency and Online Checkbook One-Stop Initiative" requiring development of a public website at "Checkbook.ok.gov"

• Website must display total state debt liabilities, annual debt payments, interest and fees paid, complete debt repayment schedules, and projected payoff dates

• Must include historical debt data, debt ratings from Standard & Poor's, Moody's and Fitch, and comparative ratings for all 50 states

• Requires comparison of Oklahoma's total state debt to all other states using Moody's Investing Service State Debt Medians Report

• Effective November 1, 2012; "state government indebtedness" includes all obligation and revenue bonds, governmental and business-type activities debt, enterprise fund bonds, and higher education master lease agreements