SENATE FLOOR VERSION - SB1108 SFLR Page 1 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SENATE FLOOR VERSION February 15, 2022 SENATE BILL NO. 1108 By: Bergstrom An Act relating to school finances; amendi ng 70 O.S. 2021, Section 3-117.3, which relates to the School Finance Review Commission; directing the commission to conduct a review of certain matters; 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. 2021, Section 3-117.3, is amended to read as f ollows: Section 3-117.3. A. The School Finance Review Commission shall conduct a review of all matters related to school finance , including but not limited to teacher: 1. Teacher compensation, and benefits and administration; 2. Administrative costs including administrative functions that may be shared between school districts; 3. Opportunities for school districts to be operated i n a cost- effective manner; 4. Variances in per-pupil and administrative expenditures among school districts with compara ble enrollment, demographics, and outcomes on statewide assessments; and SENATE FLOOR VERSION - SB1108 SFLR Page 2 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 5. Expenditures that are not directly or sufficiently related to improving student outcomes . B. The Commission shall submit a report of its findings to the Governor, the President Pro Tempore of the Senate, and the Speaker of the House of Representatives no later than D ecember 31, 2023, and every subsequent four (4 ) years by December 31. SECTION 2. This act shall become effective July 1, 2022. SECTION 3. It being immediately necessary for the preser vation of the public peace, health , or safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval. COMMITTEE REPORT BY: COMMITTEE ON EDUCATION February 15, 2022 - DO PASS