ENGR. S. B. NO. 1108 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ENGROSSED SENATE BILL NO. 1108 By: Bergstrom of the Senate and Hasenbeck of the House 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 commi ssion to conduct a review of certain m atters; 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 follows: 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 comparable enrollment, demographics, and outcomes on statewide assessments; and ENGR. S. B. NO. 1108 Page 2 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 approv al. Passed the Senate the 21st day of February, 2022. Presiding Officer of the Senate Passed the House of Representatives the ____ day of __________, 2022. Presiding Officer of the House of Representatives