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OK SB1404
Bill
AI Summary
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Authorizes the Director of the Office of Management and Enterprise Services to withdraw up to one-quarter (1/4) of the Revenue Stabilization Fund balance during a federal government shutdown lasting longer than 15 days
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Funds withdrawn during a federal shutdown may only be used to pay salaries of state employees furloughed due to loss of federal funding and to cover Supplemental Nutrition Assistance Program (SNAP) benefits reduced or eliminated by the shutdown
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Requires weekly reports to the Governor, Senate President Pro Tempore, and House Speaker during shutdowns exceeding 15 days, detailing withdrawals, furloughed employees, salary reductions, and SNAP benefit impacts
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Mandates that any federal reimbursements received after a shutdown ends for salaries or benefits paid from the Fund must be deposited back into the Revenue Stabilization Fund
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Effective date of November 1, 2026
Legislative Description
State fiscal affairs; authorizing withdrawal of funds from the Revenue Stabilization Fund upon federal shutdown; providing for expenditures. Effective date.
Last Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
2/3/2026