Bill > SB1193

This bill, effective July 1, 2026, removes limitations on how much money school districts can carry over in their general fund from one year to the next and eliminates penalties associated with exceeding those limits. Previously, school districts could have their State Aid reduced if their general fund carryover exceeded certain percentages of their total general fund collections for two consecutive years, with specific procedures for notifying districts and allowing them to protest penalties, and various exemptions were provided for certain situations like tax settlements or increased State Aid. The bill also repeals the existing law that established these carryover limitations and penalties, effectively allowing school districts to retain more unspent funds without penalty.

Budget and Finance, Education

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1193&Session=2600