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OK HB2779
Bill
Status
2/1/2016
Primary Sponsor
Charles McCall
Click for details
AI Summary
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County treasurers must distribute federal funds received by the county to all ad valorem taxing jurisdictions based on each jurisdiction's proportional share of total millage levied within the county
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Distribution calculation includes general fund millage, building fund millage, and sinking fund millage when determining each jurisdiction's percentage
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Federal law requirements take precedence; if a federal statute, administrative rule, or other federal authority mandates a different distribution method, that method applies instead
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Effective date: November 1, 2016
Legislative Description
Revenue and taxation; federal funds; distribution formula; effective date.
Last Action
Referred to Appropriations and Budget Revenue and Taxation Subcommittee
2/2/2016