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ENGROSSED SENATE
BILL NO. 1037 By: Thompson and Hall of the
Senate
and
Wallace and Hilbert of the
House
An Act relating to school building funds; amending 70
O.S. 2011, Section 1 -118, which relates to the
definition of building fund; up dating reference;
allowing building fund to consist of certain monies
from certain federal acts; providing an effective
date; and declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 70 O.S. 2011, Section 1-118, is
amended to read as follows:
Section 1-118. The building fund of any school district shall
consist of all monie s derived from the proceeds of a building fund
levy of not to exceed five (5) mills in any year, voted by the
people of a school district pursuant to the provisions of Article X,
Section 10, of the Oklahoma Constitution, monies appropriated by the
state for the purpose of capital expenditures or projects, monies
allocated to a school distric t by the State Board of Education from
the State Public Common School Building Equalization Fund , and
monies donated to a school district for the purpose of capital
projects or improvements and may be used for erecting, remodeling,
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repairing, or maintaining school buildings, for purchasing
furniture, equipment and computer software to be used on or for
school district property, for repairing and maintaining computer
systems and equipment, for paying energy and utility costs, for
purchasing telecommunications utilities and services, for paying
fire and casualty insurance premiums for school facilities, for
purchasing security systems, for paying salaries of security
personnel, or for one or more, or all, of such purposes. Proceeds
of such levies shall not be required to be used during the year for
which a levy is made but may accumulate from year to year until
adequate for the purposes intended. The building fund may also
consist of monies allocated to a schoo l district via the federal
Coronavirus Response and Relief Supplemental Appropriation Act of
2021 (CRRSA) and the federal American Rescue Plan Act of 2021 (ARP).
The building fund hereinabove defined is hereby declare d to be a
current expense fund, but shall not be considered a part of the
general operating fund. No monies derived from the proceeds of the
school levies made pursuant to the provisions of Article X, Section
9 of the Oklahoma Constitution may be placed i n the building fund
provided by this section .
SECTION 2. This act shall become effective July 1, 2021.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is h ereby
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declared to exist, by reason whereof thi s act shall take effect and
be in full force from and after its passage and approval.
Passed the Senate the 17th day of May, 2021.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2021.
Presiding Officer of the House
of Representatives