OK SB1989

Amends municipal law to require cities and towns to adopt a financial plan before accepting federal funding matches or partial funding for any project, ensuring ability to sustain projects after federal funds end.

Exempts grants, aid, relief monies, and in-kind donations from the financial planning requirement if no local matching funds are required.

Requires that meetings related to adopting financial plans be held publicly with appropriate notice as required for municipal meetings.

Applies the same federal funding restrictions and financial planning requirements to county commissioners and county budget boards.

Allows exceptions for grants and donations that do not require local matching funds from governmental entities.