OK HB3206

Amends the General Revenue Cash-flow Reserve Fund to require the Office of Management and Enterprise Services to analyze and submit to the State Board of Equalization by the first Monday of December each year the amount of monies in the fund available for legislative appropriation.

Allows the Director of the Office of Management and Enterprise Services to transfer up to 10% of the amount certified by the State Board of Equalization as available for appropriation from the General Revenue Fund to the Cash-flow Reserve Fund for the succeeding fiscal year.

Requires the Director to close the preceding fiscal year General Revenue Cash-flow Reserve Fund on the second Monday of June by transferring remaining monies to the current fiscal year General Revenue Fund.

Establishes that any monies in the prior year Cash-flow Reserve Fund not necessary for current year cash-flow needs are subject to legislative appropriation.

Becomes effective September 1, 2016.