OK SJR53

Proposes amending Section 23 of Article X of the Oklahoma Constitution to limit gross production tax revenue certified as available for appropriation to 95% of the average actual collections from the previous seven budget years, rather than using estimated projections for the upcoming year

Designates any gross production tax revenue collected above this seven-year average limit as surplus funds, which would be deposited into the Constitutional Reserve Fund

Requires the State Board of Equalization to certify the limit on gross production tax revenue available for appropriation at its February meeting each year

Directs the Secretary of State to refer the proposed constitutional amendment to Oklahoma voters for approval or rejection through a legislative referendum