OK HB1917

Each state agency subject to the Oklahoma State Finance Act must develop a contingency plan and corresponding budget for up to a 25% reduction in federal funds, whether appropriated, received as block grants, or in any other form.

Agencies must submit their contingency plans to the Director of the Office of Management and Enterprise Services, the Governor, the Speaker of the House, and the President Pro Tempore of the Senate within 30 days of the act's effective date.

Agencies must make annual disclosures of all federal funds under their control, organized by program and expenditure category, ranked by reliance with most-relied-upon funding sources listed first.

Disclosures must include descriptions of any actions required or prohibited for state entities to receive federal funds, and any conditions imposed on individuals or businesses receiving benefits from the federal funds.

Agencies must annually disclose federal funds requiring implementation costs, ranked from most to least costly.