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Bill > HB3025
OK HB3025
OK HB3025Schools; general fund expenditures; gift, grant, and donation monies; general fund carryover; effective date; emergency.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to schools; amending 70 O.S. 2021, Section 1-117, as amended by Section 1, Chapter 285, O.S.L. 2025 (70 O.S. Supp. 2025, Section 1-117), which relates to general fund expenditures; precluding school gift, grant, or donation monies received from being calculated in the general fund carryover for a certain time period; providing an effective date; and declaring an emergency.
AI Summary
This bill amends existing law to clarify how school districts handle certain funds, specifically stating that gift, grant, or donation monies received for noncapital expenditures, which can accumulate from year to year, will not be counted as part of the general fund's carryover amount until one year after the year they were received. The general fund is the primary fund for a school district's current expenses, and this change aims to provide a temporary exclusion for these specific types of funds when calculating how much money a district has left over from its general fund. The bill also includes an effective date of July 1, 2026, and declares an emergency, meaning it will take effect immediately upon passage and approval.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Appropriations and Budget Education Subcommittee (on 02/03/2026)
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=hb3025&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB3025%20INT.PDF |
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