Title 62, Title 62 — Public Finance

For the purpose of carrying into effect the provisions of this act and for its proper administration, the State Auditor and Inspector is hereby empowered to promulgate and enforce such rules and regulations as may be necessary but not inconsistent herewith, and he shall prescribe…

If any part of this act is for any reason held unconstitutional such decision shall not affect the validity of the remaining portions of this act. The Legislature hereby declares that it would have passed this act and each and every part thereof, irrespective of the fact that any…

A. A municipality, county or school district may issue a blanket purchase order for: 1. Recurring purchases of goods or services if a maximum authorized amount for all purchases pursuant to a blanket purchase order is specified in the order and approved by the governing board; or…

suppliers of construction materials - Signed statement - Multiple or continuing contracts - Affidavit. A. Except as provided in subsection B of this section, on every contract entered into by any county, school district, technology center school district or political subdivision …

This act shall be known and may be cited as the “Oklahoma Pension Legislation Actuarial Analysis Act”. Added by Laws 2006, c. 292, § 1, eff. July 1, 2006.

The provisions of the Oklahoma Pension Legislation Actuarial Analysis Act shall be applicable to legislation affecting: 1. The Teachers’ Retirement System of Oklahoma; 2. The Oklahoma Public Employees Retirement System; 3. The Uniform Retirement System for Justices and Judges; 4.…

OS 62-3103v1 (SB 2038, Laws 2024, c. 452, § 127). OS 62-3103v2 (SB 102, Laws 2024, c. 357, § 1). OS 62-3103v3 (HB 2687, Laws 2024, c. 361, § 2).

As used in the Oklahoma Pension Legislation Actuarial Analysis Act: 1. “Amendment” means any amendment including a substitute bill, made to a retirement bill by any committee of the House or Senate, any conference committee of the House or Senate or by the House or Senate; 2. “RB…

As used in the Oklahoma Pension Legislation Actuarial Analysis Act: 1. “Amendment” means any amendment, including a substitute bill, made to a retirement bill by any committee of the House or Senate, any conference committee of the House or Senate or by the House or Senate; 2. “R…

As used in the Oklahoma Pension Legislation Actuarial Analysis Act: 1. “Amendment” means any amendment, including a substitute bill, made to a retirement bill by any committee of the House of Representatives or Senate, any conference committee of the House or Senate or by the Hou…

A. No retirement bill may be introduced by any member of the Legislature unless, at the time of its introduction, the bill has printed thereon in the upper right portion of each page of the bill an RB number. Once a retirement bill is presented to the Legislative Actuary, unless …

Certification of fiscal impact - Restrictions. As a condition precedent to the introduction of any retirement bill, the applicable legislative staff, on behalf of the member of the Legislature who intends to be the primary author of the bill must present an exact copy of the prop…

A. A nonfiscal retirement bill may be introduced at any time according to the applicable deadlines established by the House of Representatives or Senate in any regular session of the Legislature. After its introduction into the Legislature, a nonfiscal retirement bill may not be …

retirement bill having fiscal impact. A. Any amendment made to any non-retirement bill or resolution which would cause the bill or resolution to become a nonfiscal retirement bill or a retirement bill having a fiscal impact as defined in the Oklahoma Pension Legislation Actuarial…

Amendments. A. 1. Except as otherwise provided in this subsection, any retirement bill having a fiscal impact may be introduced according to the applicable deadlines established by the House of Representatives or Senate only in any odd-numbered year during the regular session. An…

amendments - Transmission to Legislative Actuary. A. A retirement bill having a fiscal impact which the committee wishes to consider may be amended, if necessary, by the committee. If a retirement bill having a fiscal impact is changed by the committee to which it is assigned, su…

committee chair - Summary. A. If an actuarial investigation of a retirement bill having a fiscal impact is requested under Section 3108 of this title, it shall be the duty of the Legislative Actuary to complete or cause to be completed such actuarial investigation by not later th…

following actuarial investigation - Procedure - Amendments. A. When a retirement bill having a fiscal impact has had an actuarial investigation pursuant to Section 3109 of this title, the bill may be considered at the next regular session of the Legislature. If the bill as origin…

- Appropriations - Other funding. A. Any retirement bill having a fiscal impact which is enacted by the Legislature and which is approved by the Governor or which otherwise becomes law shall become effective on the first day of July immediately following the regular session durin…

funding determination by State Board of Equalization - Procedure. A. Following the close of each regular legislative session during which retirement bills having a fiscal impact may be enacted, the State Board of Equalization shall make a determination for each such bill enacted …

No provision of the Oklahoma Pension Legislation Actuarial Analysis Act generally and no provision of Section 11 of this act in particular shall: 1. Create or be construed to create a contractual right to a retirement benefit or a contractual right in the provisions of a retireme…

Attachment of certificates and summaries of actuarial investigations. The enrolled act resulting from a bill which is subject to the legislative procedures provided by the Oklahoma Pension Legislation Actuarial Analysis Act shall have attached thereto the original or a true and c…

A. For purposes of this section: 1. "Public entity" means any political subdivision of this state, or a public trust which has as a beneficiary a political subdivision of this state, or any institution of higher education which is part of The Oklahoma State System of Higher Educa…

Any cash surplus over and above the estimated needs for the current fiscal year in the county fair fund of any county of this state may be used to pay any outstanding warrants of any previous fiscal year. Laws 1935, p. 182, § 1.

apportionment. From and after the passage of this act, each county treasurer of this state shall, out of any funds now on hand and any funds hereinafter received by him from the United States Government as said County's share of the rentals from forest reserves located therein, i…

accounts and funds - Appropriations - Apportionment. For the purposes of simplifying budgetary accounting of the several counties and other municipal subdivisions of the State of Oklahoma, all public officers charged under the law with making financial statements, budgets, levies…

All forms required for effective operation of this act shall be prescribed by the State Auditor and Inspector. Laws 1939, p. 536, § 2; Laws 1979, c. 30, § 99, emerg. eff. April 6, 1979.

fund. When the governing board of any county, city, town or school district shall determine by proper resolution in writing that a surplus exists in any building fund created under the provisions of Section Ten (10), Article Ten (10), Oklahoma Constitution, not required for the c…

It is the purpose of this act to dispose of surplus tax collections hereinabove referred to in keeping with "no tax levied and collected for one purpose shall ever be devoted to another purpose" as provided in Section Nineteen (19), Article Ten (10), Oklahoma Constitution. Nothin…

crediting. When any money is due any county, city, town or school district in this state from sale, lease or rental or any public property, or royalty, or for compensation for service of public employees or other purpose, it shall be paid over to the lawful treasurer thereof. The…

Section 34 et seq. of Title 62 of the Oklahoma Statutes shall be known and may be cited as the "Oklahoma State Finance Act". Added by Laws 2009, c. 441, § 1, eff. July 1, 2009.

by State Board of Equalization – Reports by county clerks – Power and authority of State Auditor and Inspector. A. The official tax accounts with the several counties of the state shall be kept by the State Auditor and Inspector, which said accounts shall exhibit the true amount …

procedures and guidelines. The Director of the Office of Management and Enterprise Services shall cause to be prepared an annual comprehensive financial report, in accordance with generally accepted accounting principles for governments, and shall further have the general purpose…

The Office of Management and Enterprise Services shall maintain a website providing public access to the documentation of the disbursement by state agencies of federal funds received pursuant to the federal American Recovery and Reinvestment Act of 2009. The website shall provide…

A. There is hereby created in the State Treasury a revolving fund to be known and designated as the "Revenue Stabilization Fund". The fund shall be a continuing fund, not subject to fiscal year limitations. B. For determinations made regarding deposits for fiscal years beginning …

Board of Equalization. A. In addition to any other duties prescribed by law, at the meeting required by Section 23 of Article X of the Oklahoma Constitution to be held in February of 2017, and at the February meeting of the State Board of Equalization each year thereafter, the St…

In addition to the other duties imposed upon it by law and by the provisions of this act, the State Board of Equalization shall create an agenda item for its December 2025 meeting and its February 2026 meeting to perform an analysis regarding the provisions of this act as if the …

Not later than December 15, 2018, and every five (5) years thereafter, the Office of Management and Enterprise Services shall submit a report to the Joint Committee on Appropriations and Budget, and the Governor on the performance of the Revenue Stabilization Fund set forth in th…

and Reporting. The Division of Central Accounting and Reporting shall be responsible for accounting and auditing duties and the auditing and settlement of purchase orders, contracts, claims, payrolls, and other obligations. The Division of Central Accounting and Reporting shall p…

A. There is hereby created the position of Chief Information Officer who shall be appointed by the Governor. The Chief Information Officer, in addition to having authority over the Information Services Division of the Office of Management and Enterprise Services, shall also serve…

A. The Chief Information Officer shall source and submit to the State Governmental Technology Applications Review Board proposed state employee performance information metrics, convenience information sets and other data streams for possible publication on the “data.ok.gov” websi…

Technology Innovation Revolving Fund. There is hereby created in the State Treasury a revolving fund for the Office of Management and Enterprise Services to be designated the “Oklahoma Employment Security Commission Information Technology Innovation Revolving Fund”. The fund shal…

Transparency Initiative. A. There is hereby established the Oklahoma State Government Security Breach Transparency Initiative. B. The Chief Information Officer shall develop and maintain an online web presence at the web address security.ok.gov. The site shall allow the public ac…

schedules and standards. A. There is hereby established the Oklahoma State Government 2.0 Initiative. B. The State Governmental Technology Applications Review Board shall consider and approve a standardized social media policy for use by state agencies, boards, commissions and pu…

A. There is hereby established the “Oklahoma State Government Open Documents Initiative”. B. The Chief Information Officer shall develop and maintain an online web presence at the web address “documents.ok.gov”. The site shall allow public access to electronic documents described…

A. There is hereby established the “Oklahoma State Government Forms One-Stop Initiative”. B. The Chief Information Officer shall develop and maintain an online web presence at the web address “forms.ok.gov”. The site shall allow public access to forms described in this section. T…

Stop Initiative. A. There is hereby established the “Oklahoma State Government Geographic Information One-Stop Initiative”. B. The State Geographic Information Coordinator shall develop and maintain an online web presence at the web address “maps.ok.gov”. The site shall allow pub…

metrics – Telework pilot program. A. 1. The State Governmental Technology Applications Review Board shall establish a statewide assistance program with guidelines and support to encourage all state agencies in the development of a telework model designed for maximum efficiency an…

Transparency Initiative. A. There is hereby established the “Oklahoma State Government IT Project Monitoring and Transparency Initiative”. B. The Chief Information Officer shall develop and maintain an online web presence at the web address “projects.ok.gov”. The site shall allow…

Program. A. There is hereby established the Oklahoma State Government Business Licensing One-Stop Program. B. The Chief Information Officer shall promulgate procedures by which state agencies shall enter into an arrangement with the Office of Management and Enterprise Services fo…