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OK SB1039

Bill

Status

Failed

2/8/2012

Primary Sponsor

Ron Justice

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Amends 62 O.S. 2011, Section 15 to establish a minimum examination fee of $500.00 for Attorney General review of revenue bonds and notes issued by state agencies

  • Sets tiered percentage-based examination fees: 0.03% on first $5 million, 0.02% on amounts $5-50 million, and 0.01% on amounts exceeding $50 million

  • All collected examination fees are deposited into the Attorney General's Revolving Fund created under Section 20 of Title 74 of the Oklahoma Statutes

  • Becomes effective July 1, 2012 with an emergency clause for immediate implementation upon passage and approval

Legislative Description

Public finance; setting minimum amount of bond transaction examination fee. Effective date. Emergency.

Public Finance

Last Action

Failed in Committee - Finance

2/8/2012

Committee Referrals

Finance2/7/2012

Full Bill Text

No bill text available