SB360 Summary

• Establishes a seven-member Board of Directors for the Grand River Dam Authority with appointment authority divided between the Governor, Oklahoma State Senate President Pro Tempore, and Oklahoma House Speaker.

• Sets initial staggered terms of office ranging from three to seven years for appointed directors, with successor directors serving four-year terms.

• Changes director removal provisions so that all directors serve at the pleasure of their appointing authority (removed prior requirement that directors could only be removed "for just cause").

• Maintains two ex officio voting director positions representing the Oklahoma Association of Electric Cooperatives and Municipal Electric Systems of Oklahoma.

• Declares an emergency effective date for immediate implementation upon passage and approval.