SB 266 Summary

• Amends Attorney General duties to allow monies received on behalf of the Oklahoma Municipal Power Authority to be retained by the Authority rather than deposited to the State Treasury.

• Modifies settlement agreement provisions to exempt the Oklahoma Municipal Power Authority from restrictions on how recovered funds are used and distributed.

• Requires the Attorney General to submit annual reports to legislative leadership electronically (rather than in unspecified format) describing private attorney contracts used during the preceding fiscal year.

• Updates statutory language throughout to clarify references to the "Office of the Attorney General" and correct redundant phrasing.

• Effective November 1, 2025.