Req. No. 1184 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 58th Legislature (2021) SENATE BILL 274 By: Dugger AS INTRODUCED An Act relating to Oklahoma Accountancy Board ; amending 59 O.S. 2011, Section 15.2 , as last amended by section 6, Chapter 116, O.S.L. 202 0 (59 O.S. Supp. 2020, Section 15.2), which rel ates to board members; modifying board members; making additional member a public member; providing an effective date; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAH OMA: SECTION 1. AMENDATORY 59 O.S. 2011, Section 15.2, as last amended by Section 6, Chapter 116, O.S.L. 2020 (59 O.S. Supp. 2020, Section 15.2), is amended to read as follows: Section 15.2. A. There is hereby re -created, to continue until July 1, 2023, in accordance with the provisions of the Oklahoma Sunset Law, the Oklahoma Accountancy Board. The Oklahoma Accountancy Board shall have the responsibility for administering and enforcing the Oklahoma Accountancy Act. The Oklahoma Accountancy Board shal l be composed of seven (7) members, who shall have professional or practical experience in the use of accounting services and financial matters, so as to be qualified to make Req. No. 1184 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 judgments about the qualifications and conduct of persons a nd firms subject to regulation under the Oklahoma Accountancy Act to be appointed by the Governor and confirmed by the Senate. The number of registrant members shall not be more than six five, not including a firm, who shall serve terms of five (5) years. No member who has served two successive complete terms shall be eligible for reappointment, but an appointment to fill an unexpired term shal l not be considered a complete term for this purpose. The pub lic member members shall serve coterminously with t he Governor appointing the public member members. B. One member shall be either a public accountant licensed and holding a permit pursuant to the provisions o f the Oklahoma Accountancy Act, or a person wi th professional or pr actical experience in the use of accounting services and financial matter s and who shall have met the educational requirements to qualify as a candidate for examination for the license of p ublic accountant as provided in subsection B o f Section 15.8 of thi s title. A list of qualified persons shall be compiled and submitted to the Governor by the Oklahoma Society of Public Accountants, or successor organization from time to time as appointme nt of the Board member is required to be made. A list of three names shall be submitted for each single appointment from which the Governor may make the appointment. Req. No. 1184 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 C. Five members shall be certified public accountants holding certificates and four shal l hold permits issued pursuant to the provisions of the Oklahoma Ac countancy Act, at least four o f whom shall have been engaged in the pract ice of public accounting as a certified public accountant continuously for not less than five (5) out of the last fifteen (15) years immediately preceding their appointments. A list of qualified persons shall be compiled and submitted to the Governor by t he Oklahoma Society of Certified Public Accountants from time to time as appointments of the certified public accoun tant Board members are required. A list of three names shall be su bmitted for each single appoin tment from which the Governor may make the appointment. D. C. One member Two members shall be a public member members who is are not a certified public accountant accountants or licensed public accountant accountants. The public member members shall be appointed by the Governor to a term cotermino us with the Governor. The public member members shall serve at the pleasure of the Governor. E. D. Upon the expiration of the term of office, a member shall continue to serve until a qualified successor has bee n appointed. Confirmation by the Senate is req uired during the next regular session of the Oklahoma Senate for the member to continue to serve. SECTION 2. This act shall become effective July 1, 2021. Req. No. 1184 Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SECTION 3. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby declared to exist, by reason whereof thi s act shall take effect and be in full force from and after its passage and approval. 58-1-1184 NP 1/5/2021 4:37:25 PM