Bill > HB3560

This bill requires all public utilities to create an annual proposed budget that details revenue sources, expenditures from the previous two years, current year estimates, and a summary of their fiscal policy, and this budget must be made available for public inspection at least seven days before a governing body meeting where it will be adopted, with public notice of the meeting published in a local newspaper that also states the budget's availability for review. Any changes made to the proposed budget before the meeting must be added to the publicly available document, and the public will have an opportunity to comment at the meeting, with a record kept of the proceedings; if the adopted budget differs from the proposed one, a summary of those changes must also be made available for public inspection. Furthermore, public utilities' fiscal years will now align with the calendar year, though utilities with a single municipal wholesale customer are exempt, and all public utilities must undergo an annual audit by a certified public accountant, with the State Auditor setting minimum standards for these audits and requiring copies to be filed with their office within 180 days of the fiscal year's end, with the State Auditor also granted authority to create rules for this act, which will take effect on November 1, 2026.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3560&Session=2600