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OK HB3207
Bill
Status
5/11/2016
Primary Sponsor
Clark Jolley
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AI Summary
HB 3207 Summary
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Grand River Dam Authority shall transfer 2% of its revenues received during fiscal year ending June 30, 2016 to the State Treasury General Revenue Fund, effective July 1, 2016
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Transfer amount excludes revenues required to be paid for principal, interest, or issuance costs on previously issued or incurred obligations by the Authority
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Minimum transfer amount is $9,500,000.00, regardless of calculated percentage
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Act becomes effective July 1, 2016, with emergency clause allowing immediate effect upon passage and approval
Legislative Description
Water and water rights; Grand River Dam Authority; payment of certain revenues; effective date; emergency.
Last Action
Second Reading referred to Joint Committee on Appropriations and Budget
5/12/2016