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OK HB1712
Bill
Status
3/12/2013
Primary Sponsor
Patrick Anderson
Click for details
AI Summary
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Creates the "Common Education Lottery Revolving Fund" to receive 45% of Oklahoma Education Lottery Trust Fund proceeds beginning in fiscal year 2014, distributed monthly to school districts based on average daily membership.
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Allows school districts to use funds for K-12 public education, including teacher and support staff compensation, and early childhood development programs (prekindergarten and full-day kindergarten).
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Requires the Legislature to appropriate funds equal to Common Education Lottery Revolving Fund amounts to ensure lottery funds enhance rather than replace regular education funding.
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Maintains existing 45% allocation to higher education, 5% to School Consolidation and Assistance Fund, and 5% to Teachers' Retirement System Dedicated Revenue Revolving Fund.
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Effective July 1, 2013, with emergency clause making provisions immediately applicable.
Legislative Description
Schools; changing distribution of proceeds from the Oklahoma Education Lottery Trust Fund; creating the Common Education Lottery Revolving Fund; effective date; emergency.
Education - Common
Last Action
Referred to Appropriations
3/25/2013