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OK SB1140

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Bryce Marlatt

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Governmental entities receiving tax revenue apportionments must submit annual expenditure plans to the Governor, Senate President Pro Tempore, and House Speaker by October 1 each year
  • Plans must include a budget for how the entity will spend the allocated revenues in the forthcoming fiscal year
  • Failure to submit the plan by the deadline results in loss of all fund apportionments or allocations for the upcoming fiscal year
  • The Oklahoma Tax Commission is exempt from these requirements
  • Applies to entities receiving funds under eight specific statutory provisions covering various tax allocations (Title 47, 62, 68, and 69 of Oklahoma Statutes)

Legislative Description

Public finance; requiring certain governmental entities to submit annual expenditure plan. Effective date.

Last Action

Second Reading referred to Appropriations

2/2/2016

Committee Referrals

Appropriations2/2/2016

Full Bill Text

No bill text available