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OK SB1030

Bill

Status

Passed

5/16/2016

Primary Sponsor

Michael Mazzei

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Revenue-collecting agencies must provide estimated revenue collections for the ensuing fiscal year plus the following two fiscal years, expanding from single-year projections

  • Oklahoma Tax Commission must submit comprehensive economic reports with national and state economic forecasts covering the current year, ensuing year, and following two fiscal years to the State Board of Equalization

  • Appropriated state agencies must submit three-year itemized estimates of needs, expected revenues, and capital lease requirements to the Office of Management and Enterprise Services by October 1

  • Legislative appropriations subcommittees must establish budget performance measurements for each spending agency under their jurisdiction to assess cost-effectiveness

  • Office of Management and Enterprise Services must publish a multi-year trend analysis of the state's budget outlook by November 1 covering four fiscal years total, distributed to legislative leadership and appropriations committees

Legislative Description

Public finance; creating the Multi-year Revenue and Expenditure Projection Act; requiring certain revenue and expenditure estimates. Emergency.

Last Action

Approved by Governor 05/16/2016

5/16/2016

Committee Referrals

Appropriations and Budget3/14/2016
Appropriations2/2/2016

Full Bill Text

No bill text available