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2022 Regular Session
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SJR14
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OK

Oklahoma Senate Bill SJR14

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Oklahoma 2022 Regular Session

Oklahoma Senate Bill SJR14 Compare Versions

Only one version of the bill is available at this time.

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3	3
4	4		Req. No. 451 Page 1 1
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53	53		STATE OF OKLAHOMA
54	54
55	55		1st Session of the 58th Legislature (2021)
56	56
57	57		SENATE JOINT
58	58		RESOLUTION 14 By: Newhouse
59	59
60	60
61	61
62	62
63	63		AS INTRODUCED
64	64
65	65		A Joint Resolution directing the Secretary of State
66	66		to refer to the peopl e for their approval or
67	67		rejection a proposed amendment to Section 23 of
68	68		Article X of the Oklahoma Constitution; increasing
69	69		maximum amount deposited into Constitutional Reserve
70	70		Fund; providing ballot title; and directing filing .
71	71
72	72
73	73
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75	75		BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVE S OF THE
76	76		1ST SESSION OF THE 5 8TH OKLAHOMA LEGISLATURE:
77	77		SECTION 1. The Secretary of State shall refer to the people for
78	78		their approval or rejection, as and in the manner provided by law,
79	79		the following proposed amendment to Section 23 of Art icle X of the
80	80		Oklahoma Constitution to read as follows:
81	81		Section 23. The state shall never create or authorize the
82	82		creation of any debt or obligation, or fund or pay any deficit,
83	83		against the state, or any departm ent, institution or agency thereof,
84	84		regardless of its form or the source of money from which it is to be
85	85		paid, except as may be provided in this section and in Sections 24
86	86		and 25 of Article X of the Constitution of the State of Oklahoma.
87	87
88	88
89	89		Req. No. 451 Page 2 1
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138	138		To ensure a balanced annual budget, pursuant to the limitation s
139	139		contained in the foregoing, procedures are herewith established as
140	140		follows:
141	141		1. Not more than forty -five (45) days or less than thirty -five
142	142		(35) days prior to the convening of each regular session of the
143	143		Legislature, the State Board of Equalization shall certify the total
144	144		amount of revenue which accrued during the last preceding fiscal
145	145		year to the General Revenue Fund and to each Special Revenue Fund
146	146		appropriated directly by the Legislature, and shall further ce rtify
147	147		amounts available for appropriation wh ich shall be based on a
148	148		determination, in accordance with the procedure hereinafter
149	149		provided, of the revenues to be received by the state under the laws
150	150		in effect at the time such determination is made, for the n ext
151	151		ensuing fiscal year, showing separately the revenues to accrue to
152	152		the credit of each such fund of the state appropriated directly by
153	153		the Legislature.
154	154		Amounts certified as available for appropriation from each fund,
155	155		as hereinbefore provided, shall be ni nety-five percent (95%) of an
156	156		itemized estimate made by the State Board of Equalization, which
157	157		shall include all sources of revenue to each fund for the next
158	158		ensuing fiscal year; provided, however, appropriated federal funds
159	159		shall be certified for the full amount of the estimate. Said
160	160		estimate shall consider any increase or decline in revenues that
161	161		would result from predictable changes in the economy.
162	162
163	163
164	164		Req. No. 451 Page 3 1
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213	213		Legislative appropriations for any fiscal year, except for
214	214		special appropriations provided for in paragrap h 6, 7 or 8 shall be
215	215		limited to a sum not to exceed the total amount appropriated from
216	216		all funds in the preceding fiscal year, plus twelve percent (12%),
217	217		adjusted for inflation for the previous calendar year. Said limit
218	218		shall be adjusted for funds not pre viously appropriated. The limit
219	219		on the growth of appropriations shall be certified to by the State
220	220		Board of Equalization.
221	221		2. Such certification shall be filed with the Governor, the
222	222		President and President Pro Tempore of the Senate, and the Speaker
223	223		of the House of Representatives. The Legislature shall not pass or
224	224		enact any bill, act or measure making an appropriation of money for
225	225		any purpose until such certification is made and filed, unless the
226	226		State Board of Equalization has failed to file said certif ication at
227	227		the time of convening of said Leg islature. In such event, it shall
228	228		be the duty of the Legislature to make such certification pursuant
229	229		to the provisions of this section. All appropriations made in
230	230		excess of such certification shall be null and void; provided,
231	231		however, that the Legislatur e may at any regular session or special
232	232		session, called for that purpose, enact laws to provide for
233	233		additional revenues or a reduction in revenues, other than ad
234	234		valorem taxes, or transferring the existing revenu es or
235	235		unappropriated cash on hand from one f und to another, or making
236	236		provisions for appropriating funds not previously appropriated
237	237
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287	287
288	288		directly by the Legislature. Whereupon, it shall be the duty of the
289	289		State Board of Equalization to make a determination of the revenues
290	290		that will accrue under such la ws and ninety-five percent (95%) of
291	291		the amount of any increase or decrease resulting, for any reason,
292	292		from such changes in laws shall be added to or deducted from the
293	293		amount previously certified available for app ropriation from each
294	294		respective fund, as the case may be. The State Board of
295	295		Equalization shall file the amount of such adjusted certification,
296	296		or additional certification for funds not previously appropriated
297	297		directly by the Legislature, with the Governo r, with the President
298	298		and President Pro Temp ore of the Senate, and the Speaker of the
299	299		House of Representatives, and such adjusted amount shall be the
300	300		maximum amount which can be appropriated for all purposes from any
301	301		such fund for the fiscal year being cer tified.
302	302		3. The State Board of Equalization shall meet within five (5)
303	303		days after the monthly apportionment in February of each year, and
304	304		at that time may adjust the certification, based upon the most
305	305		current information available, and determine the amount of funds
306	306		available for appropriation for th at legislative session. At said
307	307		meeting the Board shall determine the limit on the growth of
308	308		appropriations as provided for in this section.
309	309		4. Surplus funds or monies shall be any amount accruing to the
310	310		General Revenue Fund of the State of Oklahoma over and above the
311	311		itemized estimate made by the State Board of Equalization.
312	312
313	313
314	314		Req. No. 451 Page 5 1
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363	363		5. All such surplus funds or monies shall be placed in a
364	364		Constitutional Reserve Fund by the State Treasurer until such time
365	365		that the amount of said Fund equals fifteen percent (15%) thirty
366	366		percent (30%) of the General Revenue Fund certification for the
367	367		preceding fiscal year. Appropriations made from said Fund shall be
368	368		considered special appropriations.
369	369		6. a. Up to three-eighths (3/8) of the balance at the
370	370		beginning of the current fi scal year in the
371	371		Constitutional Reserve Fund may be appropriated for
372	372		the forthcoming fiscal year, when the certification by
373	373		the State Board of Equalization for said forthcoming
374	374		fiscal year General Revenue Fund is less than that of
375	375		the current fiscal year c ertification. In no event
376	376		shall the amount of monies appropriated from the
377	377		Constitutional Reserve Fund be in excess of the
378	378		difference between the two said certifications.
379	379		b. (1) In years when the provisions of s ubparagraph a of
380	380		this paragraph are not appl icable and the balance
381	381		at the beginning of the current fiscal year in
382	382		the Constitutional Reserve Fund is equal to or
383	383		greater than Eighty Million Dollars
384	384		($80,000,000.00), up to Ten Million Dollars
385	385		($10,000,000.00) may be expended for the purpose
386	386		of providing incentives to support retention of
387	387
388	388
389	389		Req. No. 451 Page 6 1
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438	438		at-risk manufacturing establishments in this
439	439		state in order to retain employment for residents
440	440		of this state. Such incentives shall be paid by
441	441		the Oklahoma Tax Commission up on a unanimous
442	442		finding by the Governor, the Speaker of the House
443	443		of Representatives and the President Pro Tempore
444	444		of the Senate that:
445	445		(a) such incentives have been recommended by an
446	446		independent committee created by the
447	447		Legislature for such purposes as prov ided
448	448		herein pursuant to criteria set out by law,
449	449		(b) the incentive will result in a substantial
450	450		benefit to this state, and
451	451		(c) payment of the incentive would be in
452	452		accordance with the provisions of this
453	453		subparagraph and laws enacted to implement
454	454		provisions of this subparagraph.
455	455		(2) The independent committee will be composed of not
456	456		less than seven (7) people appointed or otherwise
457	457		determined pursuant to laws enacted by the
458	458		Legislature providing for membership on the
459	459		committee. The committee shall make
460	460		recommendations to the Governor, the Speaker of
461	461		the House of Representatives and the President
462	462
463	463
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512	512
513	513		Pro Tempore of the Senate for the awarding of
514	514		incentives. Such recommendations shall give
515	515		priority to establishments which:
516	516		(a) are at greater risk of losing jobs be cause
517	517		the plant is no longer competitive or
518	518		leaving the state and thereby causing the
519	519		loss of more employment in this state than
520	520		other eligible recipients, and
521	521		(b) provide the largest economic impact to the
522	522		state.
523	523		(3) For any fiscal year, the incentives sh all not
524	524		exceed ten percent (10%) of the amou nt invested
525	525		by an establishment in capital assets to be
526	526		utilized in this state. Incentives may only be
527	527		paid pursuant to an investment contract between
528	528		the establishment and a state agency designated
529	529		by law, which provides for a specified amount of
530	530		investment in a capital asset to be made by the
531	531		establishment over a period of not to exceed five
532	532		(5) years. No incentive payment shall be made
533	533		prior to the actual investment by the
534	534		establishment. The contract shall m ake payment
535	535		of any incentives in any fiscal year contingent
536	536		on the balance at the beginning of such fiscal
537	537
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587	587
588	588		year in the Constitutional Reserve Fund being
589	589		equal to or greater than Eighty Million Dollars
590	590		($80,000,000.00) and on the certification by the
591	591		State Board of Equalization for such fiscal year
592	592		of the amount available for appropriation from
593	593		the General Revenue Fund being greater than the
594	594		amount certified for the preceding fiscal year.
595	595		Investment contracts authorized by this
596	596		subparagraph shall provide th at if any incentive
597	597		payment is payable durin g a fiscal year in which
598	598		either the balance at the beginning of the fiscal
599	599		year in the Constitutional Reserve Fund is not
600	600		equal to or greater than Eighty Million Dollars
601	601		($80,000,000.00) or when the certification by the
602	602		State Board of Equalization for such fiscal year
603	603		General Revenue Fund is less than that of the
604	604		immediately prior fiscal year certification, then
605	605		any incentive payments which would have been
606	606		payable during such fiscal year shall be payable
607	607		in the first fiscal year when funds are available
608	608		pursuant to the provisions of division (1) of
609	609		this subparagraph. In the event that the amount
610	610		of incentives payable under investment contracts
611	611		authorized by this subparagraph is greater than
612	612
613	613
614	614		Req. No. 451 Page 9 1
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662	662
663	663		the amounts available f or payment under this
664	664		subparagraph in a fisc al year, then no new
665	665		contracts may be authorized during such year and
666	666		incentive payments which are made shall be
667	667		reduced pro rata as necessary to apply all
668	668		available funds to incentive payments which are
669	669		payable in such year.
670	670		(4) The Legislature is authori zed to enact laws
671	671		necessary to implement the provisions of this
672	672		section.
673	673		7. Up to three-eighths (3/8) of the balance at the beginning of
674	674		the current fiscal year in the Constitutional Reserve Fund may be
675	675		appropriated for the current fiscal year if the Stat e Board of
676	676		Equalization determines that a revenue failure has occurred with
677	677		respect to the General Revenue Fund of the State Treasury. In no
678	678		event shall the amount of monies appropriated from the
679	679		Constitutional Reserve Fund pursuant to this paragraph be i n excess
680	680		of the amount of the projected revenue failure in the General
681	681		Revenue Fund, which total amount shall be computed by the State
682	682		Board of Equalization, for the entire fiscal year. Monies
683	683		appropriated to any state governmental entity from the
684	684		Constitutional Reserve Fund pursuant to this paragraph may only be
685	685		made in order to ensure that the monies actually received by the
686	686		entity for the then current fiscal year are equal to or less than,
687	687
688	688
689	689		Req. No. 451 Page 10 1
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738	738		but not in excess of , the total appropriation amount for such en tity
739	739		in effect at the beginning of the then current fiscal year.
740	740		8. Up to one-quarter (1/4) of the balance at the beginning of
741	741		the current fiscal year in the Constitutional Reserve Fund may be
742	742		appropriated, upon a declaration by the Governor that emergenc y
743	743		conditions exist, with concurrence of the Legislature by a two -
744	744		thirds (2/3) vote of the House of Representatives and Senate for the
745	745		appropriation; or said one -quarter (1/4) could be appropriated upon
746	746		a joint declaration of emergency conditions by the Spe aker of the
747	747		House of Representatives and the President Pro Tempore of the
748	748		Senate, with a concurrence of a three -fourths (3/4) vote of the
749	749		House of Representatives and Senate.
750	750		9. That portion of every appropriati on, at the end of each
751	751		fiscal year, in exces s of actual revenues collected and allocated
752	752		thereto, as hereinafter provided, shall be null and void. Revenues
753	753		deposited in the State Treasury to the credit of the General Revenue
754	754		Fund or of any special fund (w hich derives its revenue in whole or
755	755		in part from state taxes or fees) shall, except as to principal and
756	756		interest on the public debt, be allocated monthly to each
757	757		department, institution, board, commission or special appropriation
758	758		on a percentage basis, in that ratio that the total appropriation
759	759		for such department, institution, board, commission or special
760	760		appropriation from each fund for that fiscal year bears to the total
761	761		of all appropriations from each fund for that fiscal year, and no
762	762
763	763
764	764		Req. No. 451 Page 11 1
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813	813		warrant shall be issued in excess of said allocation. Any
814	814		department, institution or agency of the state operating on revenues
815	815		derived from any law or laws which allocate the revenues thereof to
816	816		such department, institution or agency shall not incur obligations
817	817		in excess of the unencumbered balance of cash on hand. Nothing in
818	818		this section shall prevent, under such conditions and limitations as
819	819		shall be prescribed by law, the governing board of an institution of
820	820		higher education within The Oklahoma State System of Higher
821	821		Education from contracting with a president o f such institution of
822	822		higher education for periods extending more than one (1) year, but
823	823		not to exceed three (3) years beyond the fiscal year in which the
824	824		contract is signed.
825	825		10. The Legislature shall provide a method whereby
826	826		appropriations shall be divid ed and set up on a monthly, quarterly
827	827		or semiannual basis within each fiscal year to prevent obligations
828	828		being incurred in excess of the revenue to be collected, and
829	829		notwithstanding other provisions of this Const itution, the
830	830		Legislature shall provide that all appropriations shall be reduced
831	831		to bring them within revenues actually collected, but all such
832	832		reductions shall apply to each department, institution, board,
833	833		commission or special appropriation made by the St ate Legislature in
834	834		the ratio that its total appropriation for that fiscal year bears to
835	835		the total of all appropriations from that fund for that fiscal year;
836	836		provided, however, that the Governor shall have discretion to issue
837	837
838	838
839	839		Req. No. 451 Page 12 1
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888	888		deficiency certificates to the State Treasurer for the benefit of
889	889		any department, institution or agency of the state, if the amount of
890	890		such deficiency certificates be within the limit of the current
891	891		appropriation for that department, institution or agency, whereupon
892	892		the State Treasurer shall issue warrants to the extent of such
893	893		certificates for the payment of such claims as may be authorized by
894	894		the Governor, and such warrants shall become a part of the public
895	895		debt and shall be paid out of any money appropriated by the
896	896		Legislature and made lawfully available therefor; provided furt her,
897	897		that in no event shall said deficiency certificates exceed in the
898	898		aggregate the sum of Five Hundred Thousand Dollars ($500,000.00) in
899	899		any fiscal year.
900	900		SECTION 2. The Ballot Title for the pro posed Constitutional
901	901		amendment as set forth in SECTION 1 of this resolution shall be in
902	902		the following form:
903	903		BALLOT TITLE
904	904		Legislative Referendum No. ____ State Question No. ____
905	905		THE GIST OF THE PROPOSITION IS AS FOLLOWS:
906	906		This measure amends Section 23 of Ar ticle 10 of the Oklahoma
907	907		Constitution. It amends the maximum amount which may be
908	908		deposited into a certain fund. The fund is known as the
909	909		Constitutional Reserve Fund. Under current law, the cap is set
910	910		at fifteen percent (15%) of the amount certified for the General
911	911
912	912
913	913		Req. No. 451 Page 13 1
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961	961
962	962		Revenue Fund for the prior fiscal year. This would increase the
963	963		cap amount to thirty percent (30%).
964	964		SHALL THE PROPOSAL BE APPROVED?
965	965		FOR THE PROPOSAL — YES _____________
966	966		AGAINST THE PROPOSAL — NO _____________
967	967		SECTION 3. The President Pro Tempore of the Senate shall,
968	968		immediately after the passage of this resolution, prepare and file
969	969		one copy thereof, including the Ballot Title set forth in SECTION 2
970	970		hereof, with the Secretary of State and one copy with the Attorney
971	971		General.
972	972
973	973		58-1-451 QD 1/21/2021 9:09:38 AM