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Bill > HB3337
OK HB3337
OK HB3337Public finance; State Treasurer; fees; apportionment; 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 public finance; amending 62 O.S. 2021, Sections 89.6 and 90, which relate to programs of the State Treasurer; modifying provisions related to authorized fees; modifying provisions related to apportionment of certain revenues; providing an effective date; and declaring an emergency.
AI Summary
This bill, effective July 1, 2026, makes several changes to how the State Treasurer manages state finances and collects fees. It updates the fees the Treasurer can charge for returned checks, rejected warrant items, and stop-payment requests, and importantly, it changes the annual fee for managing the state's investment portfolio from a maximum of 2.5 basis points to 5 basis points, which will be charged monthly against the average daily balance of the portfolio. Additionally, the bill clarifies that income from the state's securities lending program, after covering administrative and custodial fees, will be deposited into the General Revenue Fund, and it allows for the use of the Securities Lending and Custodial Fee Revolving Fund to cover the costs of administering this program and paying associated banking fees. The bill also 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 Finance 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=hb3337&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB3337%20INT.PDF |
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