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OK SB1233

Bill

Official Source

Status

Engrossed

3/7/2012

Primary Sponsor

David Dank

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Amends 60 O.S. 2011, Section 178.2 regarding public trust bond issuances and filing requirements.

  • Changes filing deadline from at least 5 business days prior to delivery and payment to prior to 15 business days following delivery and payment.

  • Removes requirement to file with Secretary of State and Oklahoma Securities Commission; replaces with filing requirement to Oklahoma State Bond Advisor.

  • Eliminates criminal penalties (misdemeanor with fine of $5,000-$10,000 or 6 months to 1 year jail time) that previously applied to violations.

  • Effective date of November 1, 2012.

Legislative Description

Property; modifying certain requirements related to public trust filings. Effective date.

Property

Last Action

Enacting clause stricken

4/3/2012

Committee Referrals

Finance2/7/2012

Full Bill Text

No bill text available