SB293 Summary

• Amends 82 O.S. 2011, Section 863.2 to modify the Grand River Dam Authority's contract approval threshold

• Increases the contract amount requiring full Board approval from $50,000 to $250,000

• Contracts exceeding $250,000 or running longer than one year still require affirmative vote of at least four directors

• Declares an emergency, making the act effective immediately upon passage and approval