Bill > HB4478

This bill modifies existing Oklahoma law concerning school activity funds, which are accounts managed by school districts for extracurricular activities and other revenue-generating sources. Specifically, it removes the previous requirement for certain funds to be deposited by the end of the next business day and eliminates a provision allowing for the accumulation of deposits under one hundred dollars. Instead, the bill mandates that these funds must be deposited at least once per business week, regardless of the amount. 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.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb4478&Session=2600