OK HB1688

Increases advanced accreditation requirements for county assessors from four (4) to five (5) academic units.

Creates the "County Government Modernization Revolving Fund" to receive documentary stamp tax revenues for county government education, training, software, and computer modernization.

Redirects documentary stamp tax revenue distribution: county clerks retain 30.33% (previously 5%), with remaining revenues split between state General Revenue Fund and the County Government Modernization Revolving Fund on a phased schedule from fiscal year 2016-2019.

Transfers all powers, duties, property, and obligations of the Ad Valorem Division related to computer-assisted mass appraisal systems to Oklahoma State University Center for Local Government Technology.

Establishes distribution of revolving fund monies: Oklahoma Cooperative Extension Service receives 8-10% monthly for training programs; Oklahoma State University Center for Local Government Technology receives 80-85% monthly for assessor training, software support, and computer-assisted mass appraisal system implementation.