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OK SB1039
Bill
AI Summary
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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
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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
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All collected examination fees are deposited into the Attorney General's Revolving Fund created under Section 20 of Title 74 of the Oklahoma Statutes
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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