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Bill > HB4310
OK HB4310
OK HB4310Public finance; Bond Oversight Revolving Fund; fees; disposition of funds; repealer; 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, Section 695.8, which relates to the powers and duties of the Council of Bond Oversight; providing for apportionment of fee to the State Treasurer Revolving Fund; providing for expenditure of funds; repealing 62 O.S. 2021, Section 695.8a, which relates to the Bond Oversight Revolving Fund; providing for disposition of fund balance; providing for noncodification; providing an effective date; and declaring an emergency.
AI Summary
This bill modifies how fees collected by the Council of Bond Oversight, which reviews proposed debt issuances by state entities to ensure they serve legitimate public purposes, are handled. Specifically, it directs that these fees, previously managed through a dedicated Bond Oversight Revolving Fund, will now be credited to and managed by the State Treasurer's Revolving Fund, allowing the State Treasurer's office to use these monies for administrative expenses. The bill also repeals the existing law that established the Bond Oversight Revolving Fund and transfers any remaining funds from that old fund to the State Treasurer's Revolving Fund, with the changes taking effect on July 1, 2026, and declared an emergency measure.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Appropriations and Budget General Government 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=hb4310&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB4310%20INT.PDF |
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