Senate Bill 56 Summary

• Prohibits the Oklahoma State Regents for Higher Education from issuing waivers that allow students to graduate with baccalaureate degrees in accounting without meeting minimum faculty-taught hour requirements.

• Establishes that once minimum teaching hour standards for accounting degrees are established by the State Regents, those standards must be enforced without exception.

• Creates new statutory requirement codified as Section 3206.7 of Title 70 of the Oklahoma Statutes.

• Effective date: July 1, 2013, with emergency clause allowing immediate effect upon passage and approval.