OK SB188

Require appraisal and sale of GRDA's electric generation and transmission facilities (excluding hydro-generation) by January 1, 2017, with surplus property sold according to state surplus property procedures.

Assets with outstanding bonds shall not be sold until bonds are defeased; all hydro-generation facilities and lake management assets remain under GRDA authority.

Deposit proceeds from asset sales into the Oklahoma Public Education Trust Fund for classroom educational needs and teacher compensation, to be appropriated by the Legislature.

Commission a private auditing firm, selected through competitive bidding by the Legislative Service Bureau, to conduct an economic analysis of GRDA's non-hydro generation facilities considering fair market value, customer contracts, community impact, and bonded indebtedness.

Require analysis completion within one year of contract finalization and delivery of a report to the Governor, President Pro Tempore of the Senate, and Speaker of the House upon completion.