Loading chat...

OK SB1256

Bill

Status

Introduced

2/1/2016

Primary Sponsor

David Holt

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Creates the "Securing Teacher Compensation Fund" in the State Treasury to increase salaries of full-time certified teachers in Oklahoma

  • Funds the account by redirecting increases in General Revenue Fund revenues (comparing February estimates to current estimates) until the fund reaches $200 million, after which $200 million annually is apportioned from income tax revenues

  • Prohibits fund monies from supplanting or replacing existing state education funding, with the State Board of Equalization required to investigate and report each February on compliance

  • Requires the Legislature to replenish any supplanted education funding before making other appropriations if violations are found

  • Reduces fund apportionments proportionally during declared General Revenue Fund revenue failures, matching the percentage cuts applied to state agency allocations

Legislative Description

Teacher compensation; creating the Securing Teacher Compensation Fund; providing for apportionment of revenue. Effective date.

Last Action

Second Reading referred to Education Committee then to Appropriations Committee

2/2/2016

Committee Referrals

Education2/2/2016

Full Bill Text

No bill text available