SENATE FLOOR VERSION - SB364 SFLR Page 1
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SENATE FLOOR VERSION
February 4, 2021
SENATE BILL NO. 364 By: David
An Act relating to Grand River Dam Authority;
amending 82 O.S. 2011, Section 866, as last amended
by Section 8, Chapter 507, O.S.L. 2019 (82 O.S. Supp.
2020, Section 866), which relates to operations of
the district; moving the domicile of the district;
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 82 O.S. 2011, Section 866, as last
amended by Section 8, Chapter 507, O.S.L. 2019 ( 82 O.S. Supp. 2020,
Section 866), is amended to read as follows:
Section 866. The domicile of the district shall be in the City
of Vinita, County of Craig Mayes, where the district shall maintain
its principal office in charge of its Chief Executive Offic er, until
otherwise designated by th e affirmative vote of four directors. The
district shall cause to be kept complete and accurate acc ounts
conforming to any generally accepted accounting principles. The
accounts and all con tracts, documents and records of the district
shall be kept at the principal office. The accounts and contracts
shall be open to public inspection at all reasonable times. The
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Board shall cause to be made and completed within ninety (90) days
after the end of each calendar year an a udit of the books of account
and financial records of the district for such calendar year, such
audit to be made by an independent certi fied public accountant or
firm of certified public accountants. Electronic copies of the
audit report, certified to by the accountant or accountants, shall
be placed and kept on file with the Governor, the State Treasurer,
Oklahoma Department of Libraries and the State Auditor and Inspector
of the State of Oklahoma , and at the principal office, and shall be
open to public inspection at all reasonable times. The audit shall
also be filed with the Director of the Office of Management and
Enterprise Services, in accordance with the requirements set forth
for financial statement audits in Section 2 12A of Title 74 of the
Oklahoma Statutes.
SECTION 2. This act shall becom e effective July 1, 2021.
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 this act shall take effect and
be in full force fro m and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON ENERGY
February 4, 2021 - DO PASS