Bill > SB266

This bill makes several amendments to Oklahoma state law regarding legal representation and fund management, with a key provision allowing the Oklahoma Municipal Power Authority to retain funds from certain settlements. Specifically, the bill modifies Section 18b of Title 74, which outlines the duties of the Attorney General, to add language stating that monies received on behalf of the Oklahoma Municipal Power Authority can be retained by the Authority, rather than being immediately paid into the State Treasury. The bill also updates various references to the "Attorney General's office" to the more formal "Office of the Attorney General" and makes minor technical changes to statutory language. Additionally, the bill amends Section 20i to clarify reporting requirements, including mandating that the annual report on legal contracts be submitted electronically and specifying that settlement agreements for the Oklahoma Municipal Power Authority are exempt from certain fund destination restrictions. The changes aim to provide more flexibility for the Municipal Power Authority and update some administrative processes for state legal representation. The bill is set to become effective on November 1, 2025.

Agriculture and Natural Resources

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb266&Session=2600