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OK SB1501

OK SB1501
Public finance; requiring certain agency budgets to include federal funds information. Effective date.


summary

Introduced
02/03/2020
In Committee
02/12/2020
Crossed Over
03/12/2020
Passed
Dead
05/29/2020

Introduced Session

2020 Regular Session

Bill Summary

An Act relating to public finance; amending 62 O.S. 2011, Sections 34.42, as amended by Section 372, Chapter 304, O.S.L. 2012 and Section 1, Chapter 210, O.S.L. 2019 (62 O.S. Supp. 2019, Sections 34.42 and 34.42.1), which relate to information on budgets; requiring state agency budgets to include certain federal funds information; requiring certain political subdivisions to make specified disclosure about federal funds; and providing an effective date.

AI Summary

This bill amends existing laws to require state agency budgets to include information on federal funds under the agency's control, including details on any required or prohibited actions as a condition of receiving the funds. It also requires certain political subdivisions of the state that maintain a website to make an annual disclosure of the federal funds they control and the programs they are used for. The bill provides some exemptions, such as for agencies or political subdivisions that must maintain a security clearance to administer federal funds, or political subdivisions that do not have a website. The bill becomes effective on November 1, 2020.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Second Reading, direct to Calendar (on 05/06/2020)

bill text


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