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STATE OF OKLAHOMA
2nd Session of the 58th Legislature (2022)
SENATE BILL 1202 By: Bergstrom
AS INTRODUCED
An Act relating to the State Auditor and Inspector
Revolving Fund; modifying amount to be deposited in
the General Revenue Fund; updating statutory
language; providing an effective date; and declaring
an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 74 O.S. 2021 Section 227.9 is
amended to read as fo llows:
Section 227.9. There is hereby created in the State Treasury a
revolving fund for the Office of the State Auditor and Inspector to
be designated the “State Auditor and Inspector Revolving Fund ”. The
fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of all money paid to and received by
the State Auditor and Inspector from state agencies, boards and
commissions authorized by statute to pay the expense of audits and
consulting services, money received for perf ormance of audits and
consulting services pursuant to contract entered into under the
authority of Section 227.8 of this title, funds received from state
agencies, boards and commissions receiving federal grants of fund s
which require periodic audits under said the grants or any federal
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regulations, all money received from counties, cities, towns and
public trusts in payment of audit expense, funds appropriated to
state agencies, boards and commissions for payment of aud it expense,
and fees collected pursuant t o Section 212A of this title. All
monies accruing to the credit of said the fund are hereby
appropriated and may be budgeted and expended by the Office of the
State Auditor and Inspector for expenses necessary for the
performance of duties imposed upon the Of fice of the State Auditor
and Inspector by law. Expenditures from said the fund shall be made
upon warrants issued by the State Treasurer against claims filed as
prescribed by law with the Director of the Offic e of Management and
Enterprise Services for appro val and payment. The State A uditor and
Inspector shall at the close of each fiscal year pay into the
General Revenue Fund of the state any unencumbered balance remaining
in said the revolving fund in excess of Eight Hundred Fifty T housand
Dollars ($850,000.00) Two Million Dollars ($2,000,000.00).
SECTION 2. This act shall become effective July 1, 2022.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is h ereby
declared to exist, by reason whe reof this act shall take effect and
be in full force from and after its passage and approval.
58-2-2695 CJD 1/6/2022 1:40:17 PM