Bill > HB2795

This bill amends an existing law concerning the Political Subdivisions Enforcement Fund managed by the Ethics Commission, specifically increasing the fund's maximum balance from $150,000 to $450,000. Under the current law, the State Treasurer is required to transfer any money in the fund exceeding $150,000 to the General Revenue Fund each January, but this bill raises that threshold to $450,000. The fund is composed of legislative appropriations, late filing fees, and various fines related to campaign finance and financial disclosure violations for county, municipal, and school district entities. If the fund's balance falls below $100,000, the Executive Director of the Commission may halt enforcement activities by the Political Subdivisions Enforcement Division until the fund is replenished. The bill includes an emergency clause, which means it will take effect immediately upon passage and approval, signaling the urgent nature of the legislative change.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2795&Session=2600