SB 1966 Summary

• Amends statute of limitations for Production Revenue Standards Act claims to five (5) years from accrual date, effective September 1, 2014, with no expansion of rights for pre-2014 production.

• Authorizes Commissioners of the Land Office to employ private attorneys for litigation affecting state public lands and funds, requiring prior approval by majority vote of Commissioners and written approval from Attorney General.

• Requires Commissioners to obtain Attorney General approval through specific procedures including selection from AG-approved lists, contract submission, and written documentation of why state attorneys cannot handle representation.

• Mandates annual reporting to Attorney General of all engaged attorneys and costs incurred, and compliance with professional services contracting provisions under 74 O.S. § 85.41.

• Maintains Attorney General's duty to represent the Commissioners and State of Oklahoma when requested in prosecution or defense of litigation.