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OK HB1994
Bill
Status
2/2/2015
Primary Sponsor
Charles Ortega
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AI Summary
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Amends 82 O.S. 2011, Section 1085.47 regarding the Oklahoma Water Resources Board's issuance of investment certificates.
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Requires the Oklahoma Water Resources Board to consider the relative needs of all eligible entities in the state when issuing investment certificates.
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Mandates that sufficient funds from each certificate issuance be allocated to satisfy the proportionate share of overall needs attributable to small cities, towns, and rural water districts.
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Becomes effective November 1, 2015.
Legislative Description
Waters and water rights; clarifying statutory language relating to the issuance of investment certificates by the Oklahoma Water Resources Board; effective date.
Natural Resources
Last Action
Second Reading referred to Rules
2/3/2015