Bill
Bill > HB4311
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 property; amending 60 O.S. 2021, Section 668, as last amended by Section 3, Chapter 421, O.S.L. 2025 (60 O.S. Supp. 2025, Section 668), which relates to the Unclaimed Property Act; modifying provisions related to expenses; providing an effective date; and declaring an emergency.
AI Summary
This bill amends the Unclaimed Property Act in Oklahoma by increasing the allowable service charge that the State Treasurer can deduct from unclaimed property funds before depositing them into the Unclaimed Property Fund from four percent (4%) to six percent (6%), which can be used for administrative costs, including legal counsel and computer upgrades for the unclaimed property program. The bill also specifies that this change, along with other provisions related to expenses and an effective date of July 1, 2026, is declared an emergency, meaning it will take effect immediately upon passage and approval to preserve public peace, health, or safety.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Policy recommendation to the Government Oversight committee; Do Pass General Government (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=hb4311&Session=2600 |
| Fiscal Note/Analysis - House: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB4311%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB4311%20INT.PDF |
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