Bill
Bill > HB4311
summary
Introduced
02/02/2026
02/02/2026
In Committee
04/01/2026
04/01/2026
Crossed Over
03/30/2026
03/30/2026
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; increasing percentage amount related to service charges; providing an effective date; and declaring an emergency.
AI Summary
This bill, concerning Oklahoma's Unclaimed Property Act, primarily increases the maximum 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%) of the monies accruing to the state; this deduction is intended to help cover administrative costs associated with managing the unclaimed property program, such as legal counsel and computer systems. The bill also specifies an effective date of July 1, 2026, and declares an emergency, meaning it will take effect immediately upon passage and approval to address an urgent public need.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Senate Revenue and Taxation Hearing (14:00:00 4/6/2026 Room 230) (on 04/06/2026)
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 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20ENGR/hB/HB4311%20ENGR.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20FLR/HFLR/HB4311%20HFLR.PDF |
| 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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