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OK SB1353
Bill
Status
4/19/2016
Primary Sponsor
Patrick Anderson
Click for details
AI Summary
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Amends 70 O.S. 2011, Section 3206.6a to expand notification requirements for the Oklahoma State Regents for Higher Education's master lease program for real property financing
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Requires the Regents to submit proposed bond projects and financing terms to all members of the Legislature, in addition to the Governor, Speaker of the House, and President Pro Tempore of the Senate (previously only leadership was notified)
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Submission must occur within the first 7 legislative days of an annual session and before any obligations are sold
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Legislature retains 45 calendar days to pass a concurrent resolution disapproving all or part of proposed bond issuances; without disapproval, issuance is deemed approved
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Effective date: November 1, 2016
Legislative Description
Bonds; requiring Oklahoma State Regents for Higher Education to provide certain information to members of the Legislature. Effective date.
Last Action
Approved by Governor 04/19/2016
4/19/2016