HB 2242 Summary

• Appropriates $24.01 billion in general funds for fiscal year 2016 across state agencies including education, health, human services, transportation, and public safety departments.

• Allocates $2.48 billion from General Revenue Fund, $2.88 billion from dedicated funds, and $14.78 billion from other sources including federal funds and revolving accounts.

• Provides $990.7 million for K-12 public schools, $796.9 million for higher education, and $911.8 million for Oklahoma Health Care Authority (Medicaid).

• Authorizes numerous fund transfers between agencies and accounts, including $29.7 million for state transportation and $28.3 million for school district ad valorem tax reimbursements.

• Establishes effective dates with most appropriations taking effect July 1, 2015, with select sections effective July 15, 2015, and January 1, 2016.