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OK SB210
OK SB210Pay for Success Act; providing for agency contracts for reimbursement; creating fund. Effective date.
summary
Introduced
02/04/2019
02/04/2019
In Committee
03/20/2019
03/20/2019
Crossed Over
03/12/2019
03/12/2019
Passed
Dead
05/23/2019
05/23/2019
Introduced Session
2019 Regular Session
Bill Summary
Pay for Success Act; providing for agency contracts for reimbursement; creating fund. Effective date.
AI Summary
This bill, known as the "Pay for Success Act," authorizes the use of pay-for-success contracts between state agencies and private entities. These contracts allow agencies to receive upfront capital from private sources to fund services or programs, with the private entity only being reimbursed if the program meets specified performance targets and outcome measures as evaluated by an independent third-party. The bill also creates the "Pay-for-Success Innovation Fund" in the State Treasury, which agencies can use to make success payments to private entities. The bill aims to promote innovation, address outcomes that span multiple agencies, and provide a funding mechanism for pay-for-success contracts.
Committee Categories
Budget and Finance
Sponsors (7)
Scott Fetgatter (R)*,
Roger Thompson (R)*,
Kay Floyd (D),
Carri Hicks (D),
Kevin Matthews (D),
Wayne Shaw (R),
Gary Stanislawski (R),
Last Action
Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee (on 03/26/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb210&Session=1900 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20ENGR/SB/SB210%20ENGR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20FLR/SFLR/SB210%20SFLR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/SB/SB210%20INT.PDF |
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