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Oklahoma OK
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2022 Regular Session
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SJR6
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OK

Oklahoma Senate Bill SJR6

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Oklahoma 2022 Regular Session

Oklahoma Senate Bill SJR6 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. 1277 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 6 By: Montgomery
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 people for their approval or
67	67		rejection a proposed amendm ent to Section 23 of
68	68		Article X of the Oklahoma Constitution; modifying
69	69		limitation on expenditure of certain amounts from
70	70		Constitutional Reserve Fund; increasing Fund
71	71		threshold balance required for certai n expenditure;
72	72		increasing amount which may be spent from Fund;
73	73		adding specified purpose for expenditure; eliminating
74	74		required prioritization of specified recommendations;
75	75		limiting applicability of certain restricti ons to
76	76		specified establishment types; conf orming language;
77	77		providing ballot title; and directin g filing.
78	78
79	79
80	80
81	81
82	82
83	83		BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE
84	84		1ST SESSION OF THE 58TH OKLAHOMA LEGISLATURE:
85	85		SECTION 1. The Secretary of State shall refer to the people for
86	86		their approval or rejection, as and i n the manner provided by law,
87	87		the following proposed amendment to Section 23 of Article X of the
88	88		Oklahoma Constitution to read as follows:
89	89		Section 23. The state shall never create or authorize the
90	90		creation of any debt or obligation, or fund or pay any def icit,
91	91		against the state, or any departm ent, institution or agency thereof,
92	92
93	93
94	94		Req. No. 1277 Page 2 1
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143	143		regardless of its form or the sou rce of money from which it is to be
144	144		paid, except as may be provided in this section and in Sect ions 24
145	145		and 25 of Article X of the Constitution of th e State of Oklahoma.
146	146		To ensure a balanced annual budget, pursuant to the limitations
147	147		contained in the forego ing, procedures are herewith established as
148	148		follows:
149	149		1. Not more than forty -five (45) days or less than thirty-five
150	150		(35) days prior to the convenin g of each regular session of the
151	151		Legislature, the State Board of Equalization shall certify the total
152	152		amount of revenue which accrued during the last preceding fiscal
153	153		year to the General Revenue Fund and to each Special Revenue Fund
154	154		appropriated directly b y the Legislature, and shall further ce rtify
155	155		amounts available for appropriation which shall be based on a
156	156		determination, in accordance with the procedure hereinafter
157	157		provided, of the revenues to be rece ived by the state under the laws
158	158		in effect at the tim e such determination is made, for the n ext
159	159		ensuing fiscal year, showing separately the revenues to accrue to
160	160		the credit of each such fund of the state appropriated directly by
161	161		the Legislature.
162	162		Amounts certified as available for appropriation from each fund ,
163	163		as hereinbefore provided, shall be ni nety-five percent (95%) of an
164	164		itemized estimate made by the State Boa rd of Equalization, which
165	165		shall include all sources of revenue to each fund for the next
166	166		ensuing fiscal year; provided, however, appropriated federa l funds
167	167
168	168
169	169		Req. No. 1277 Page 3 1
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217	217
218	218		shall be certified for the full amount of the estimate. Said
219	219		estimate shall consider any increase o r decline in revenues that
220	220		would result from predictable changes in the economy.
221	221		Legislative appropriations for any fiscal year, except for
222	222		special appropriations provided for in paragrap h 6, 7 or 8 shall be
223	223		limited to a sum not to exceed the total amount appropriated from
224	224		all funds in the preceding fiscal year, plus twelve percent (12%),
225	225		adjusted for inflation for the previous calendar year. Said li mit
226	226		shall be adjusted for funds not pre viously appropriated. The limit
227	227		on the growth of appropriations shal l be certified to by the State
228	228		Board of Equalization.
229	229		2. Such certification shall be filed wit h the Governor, the
230	230		President and President Pro Tempo re of the Senate, and the Speaker
231	231		of the House of Representatives. The Legislature shall not pass or
232	232		enact any bill, act or measure making an appropriation of money for
233	233		any purpose until such certificat ion is made and filed, unless the
234	234		State Board of Equalization has failed to file said certif ication at
235	235		the time of convening of said Legislature. In such event, it shall
236	236		be the duty of the Legislature to make such certification pursuant
237	237		to the provisions of this section. All appropriations made in
238	238		excess of such certification shall be null and void; provided,
239	239		however, that the Legislature may at any regular sess ion or special
240	240		session, called for that purpose, enact laws to provide for
241	241		additional revenues or a reduction in revenues, other than ad
242	242
243	243
244	244		Req. No. 1277 Page 4 1
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292	292
293	293		valorem taxes, or transferring the existing revenu es or
294	294		unappropriated cash on hand from one fund to another, or making
295	295		provisions for appropriating funds not previously appropriated
296	296		directly by the Legislature. W hereupon, it shall be the duty of the
297	297		State Board of Equalization to make a determination of the revenues
298	298		that will accrue under such laws and ninety -five percent (95%) of
299	299		the amount of any increase or decrease resulting, for any reason,
300	300		from such changes in laws shall be added to or deducted from the
301	301		amount previously certified available for app ropriation from each
302	302		respective fund, as the case may be. The State Board of
303	303		Equalization shall file the amount of such adjusted certification,
304	304		or additional certification for funds not previously appropriated
305	305		directly by the Legislature, with the Governo r, with the President
306	306		and President Pro Tempore of the Senate, and th e Speaker of the
307	307		House of Representatives, and such adjusted amount shall be the
308	308		maximum amount which can be appropriated for all purposes from any
309	309		such fund for the fiscal year being cer tified.
310	310		3. The State Board of Equalization shall meet within five (5 )
311	311		days after the monthly apportionment in February of each year, and
312	312		at that time may adjust th e certification, based upon the most
313	313		current information available, and determine the amount of funds
314	314		available for appropriation for that legislative session. At said
315	315		meeting the Board shall determine the limit on the growth of
316	316		appropriations as provided for in this section.
317	317
318	318
319	319		Req. No. 1277 Page 5 1
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367	367
368	368		4. Surplus funds or monies sha ll be any amount accruing to the
369	369		General Revenue Fund of the State of Oklahoma over and above the
370	370		itemized estimate made by the State Board of Equalization.
371	371		5. All such surplus funds or monies shall be placed in a
372	372		Constitutional Reserve Fund by the State Treasurer until such time
373	373		that the amount of said Fund equals fifteen percent (15%) of the
374	374		General Revenue Fund certification for the preceding fiscal year.
375	375		Appropriations made from said Fund shall be c onsidered special
376	376		appropriations.
377	377		6. a. Up to three-eighths (3/8) of the balance at the
378	378		beginning of the current fiscal year in the
379	379		Constitutional Reserve Fund m ay be appropriated for
380	380		the forthcoming fiscal year, when the certification by
381	381		the State Board of Equalization for said forthcoming
382	382		fiscal year General Revenue Fund is less than that of
383	383		the current fiscal year certification. In no event
384	384		shall the amount of monies appropriated from the
385	385		Constitutional Reserve Fund be in excess of the
386	386		difference between the two said certifications.
387	387		b. (1) In years when the provisions of subparagraph a of
388	388		this paragraph are not applicable and the balance
389	389		at the beginning of the current fiscal year in
390	390		the Constitutional Reserve Fund is equal to or
391	391		greater than Eighty Million Dollars
392	392
393	393
394	394		Req. No. 1277 Page 6 1
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396	396		3
397	397		4
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442	442
443	443		($80,000,000.00) One Hundred Million Doll ars
444	444		($100,000,000.00), up to Ten Million Dollars
445	445		($10,000,000.00) Twenty Million Dollars
446	446		($20,000,000.00) may be expended for the purpose
447	447		of providing incentives to support retention of
448	448		at-risk manufacturing establishments and small
449	449		businesses affected by a catastrophic health
450	450		emergency declared by the Governor pursuant to
451	451		executive order in this state in order to retain
452	452		employment for residents of this state. Such
453	453		incentives shall be paid by the Oklahom a Tax
454	454		Commission upon a unanimous finding by the
455	455		Governor, the Speaker of the House of
456	456		Representatives and the President Pro Tempore of
457	457		the Senate that:
458	458		(a) such incentives have been recommended by an
459	459		independent committee created by the
460	460		Legislature for such purposes as provided
461	461		herein pursuant to criteria s et out by law,
462	462		(b) the incentive will r esult in a substantial
463	463		benefit to this state, and
464	464		(c) payment of the incentive would be in
465	465		accordance with the provisions of this
466	466
467	467
468	468		Req. No. 1277 Page 7 1
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517	517		subparagraph and laws enacted to i mplement
518	518		provisions of this subparagraph.
519	519		(2) The independent committee will be composed of not
520	520		less than seven (7) people appointed or otherwise
521	521		determined pursuant to laws enacted by the
522	522		Legislature providing for membership on the
523	523		committee. The committ ee shall make
524	524		recommendations to the Governor, the Sp eaker of
525	525		the House of Representatives a nd the President
526	526		Pro Tempore of the Senate for the awarding of
527	527		incentives. Such recommendations shall give
528	528		priority to establishments which:
529	529		(a) are at greater risk of losing jobs because
530	530		the plant is no longer compe titive or
531	531		leaving the state and thereby causing the
532	532		loss of more employment in this state than
533	533		other eligible recipients, and
534	534		(b) provide the largest economic impact to the
535	535		state.
536	536		(3) For any fiscal year, the incentives awarded to an
537	537		at-risk manufacturing establishment shall not
538	538		exceed ten percent (10%) of the amount invested
539	539		by an establishment in capital ass ets to be
540	540		utilized in this state. Incentives may only be
541	541
542	542
543	543		Req. No. 1277 Page 8 1
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591	591
592	592		paid pursuant to an investment contract between
593	593		the establishment and a state agency designa ted
594	594		by law, which provides for a specif ied amount of
595	595		investment in a capital asset to be made by the
596	596		establishment over a period of not to exceed five
597	597		(5) years. No incentive payment shall be made
598	598		prior to the actual investment by the
599	599		establishment. The contract shall make payment
600	600		of any incentives in any fiscal year contingent
601	601		on the balance at the beginnin g of such fiscal
602	602		year in the Constitutional Reserve Fund being
603	603		equal to or greater than Eighty Million Dollars
604	604		($80,000,000.00) and on the certification by the
605	605		State Board of Equalization for such fiscal year
606	606		of the amount available for appropriation from
607	607		the General Revenue Fund being greater than the
608	608		amount certified for the preceding fiscal year
609	609		One Hundred Million Dollars ( $100,000,000.00).
610	610		Investment contracts authorized by this
611	611		subparagraph shall provide that if any incentive
612	612		payment is payable during a fiscal year in which
613	613		either the balance at the beginning of the fiscal
614	614		year in the Constituti onal Reserve Fund is not
615	615		equal to or greater than Eighty Million Dollars
616	616
617	617
618	618		Req. No. 1277 Page 9 1
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666	666
667	667		($80,000,000.00) or when the certification by the
668	668		State Board of Equalization for such fiscal year
669	669		General Revenue Fund is less than that of the
670	670		immediately prior fiscal year certific ation One
671	671		Hundred Million Dollars ($ 100,000,000.00), then
672	672		any incentive payments which would have been
673	673		payable during such fiscal year shall be payable
674	674		in the first fiscal year when funds are available
675	675		pursuant to the provisions of division (1) of
676	676		this subparagraph. In the event that the amount
677	677		of incentives payable under investment contracts
678	678		authorized by this subparagraph is greater than
679	679		the amounts available for payment under this
680	680		subparagraph in a fiscal year, then no new
681	681		contracts may be authoriz ed during such year and
682	682		incentive payments which are made shall be
683	683		reduced pro rata as necessary to apply all
684	684		available funds to incentive payments which are
685	685		payable in such year.
686	686		(4) The Legislature is authorized to enact laws
687	687		necessary to implement the p rovisions of this
688	688		section.
689	689		7. Up to three-eighths (3/8) of the balance at the beginning of
690	690		the current fiscal year in the Constitutional Reserve Fund may be
691	691
692	692
693	693		Req. No. 1277 Page 10 1
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695	695		3
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741	741
742	742		appropriated for the current fiscal year if the State Board of
743	743		Equalization determines that a reve nue failure has occurred with
744	744		respect to the General Reven ue Fund of the State Treasury. In no
745	745		event shall the amount of monies appropriated from the
746	746		Constitutional Reserve Fund pursuant to this paragraph be in excess
747	747		of the amount of the projected revenu e failure in the General
748	748		Revenue Fund, which total amount shall be computed by the State
749	749		Board of Equalization, for the entire fiscal year. Monies
750	750		appropriated to any state governmental entity from the
751	751		Constitutional Reserve Fund pursuant to this paragrap h may only be
752	752		made in order to ensure that the monies actu ally received by the
753	753		entity for the then current fiscal year are equal to or less than,
754	754		but not in excess of, the total appropriation amount for such entity
755	755		in effect at the beginning of the then cu rrent fiscal year.
756	756		8. Up to one-quarter (1/4) of the bala nce at the beginning of
757	757		the current fiscal year in the Constitutional Reserve Fund may be
758	758		appropriated, upon a declaration by the Governor that emergency
759	759		conditions exist, with concurrence of the Le gislature by a two-
760	760		thirds (2/3) vote of the House of Repre sentatives and Senate for the
761	761		appropriation; or said one-quarter (1/4) could be appropriated upon
762	762		a joint declaration of emergency conditions by the Speaker of the
763	763		House of Representatives and the P resident Pro Tempore of the
764	764		Senate, with a concurrence of a three-fourths (3/4) vote of the
765	765		House of Representatives and Senate.
766	766
767	767
768	768		Req. No. 1277 Page 11 1
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816	816
817	817		9. That portion of every appropriation, at the end of each
818	818		fiscal year, in excess of actual revenues collected and allocated
819	819		thereto, as hereinafter provided, shall be null and void. Revenues
820	820		deposited in the State Treasur y to the credit of the General Revenue
821	821		Fund or of any special fund (which derives its revenue in whole or
822	822		in part from state taxes or fees) shall, except as to principal and
823	823		interest on the public debt, be allocated m onthly to each
824	824		department, institution, board, commission or special appropriation
825	825		on a percentage basis, in that ratio that the total appropriation
826	826		for such department, institution, board, commissi on or special
827	827		appropriation from each fund for that fiscal year bears to the total
828	828		of all appropriations from each fund for that fiscal year, and no
829	829		warrant shall be issued in excess of said allocation. Any
830	830		department, institution or agency of the state o perating on revenues
831	831		derived from any law or laws which al locate the revenues thereof to
832	832		such department, institution or agency shall not incur obligations
833	833		in excess of the unencumbered balance of cash on hand. Nothing in
834	834		this section shall prevent, under such conditions and limitations as
835	835		shall be prescribed by law, the governing board of an institu tion of
836	836		higher education within The Oklahoma State System of Higher
837	837		Education from contracting with a president of such institution of
838	838		higher education for per iods extending more than one (1) year, but
839	839		not to exceed three (3) years beyond the fiscal year i n which the
840	840		contract is signed.
841	841
842	842
843	843		Req. No. 1277 Page 12 1
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891	891
892	892		10. The Legislature shall provide a method whereby
893	893		appropriations shall be divided and set up on a monthly, quarterly
894	894		or semiannual basis within each fiscal year to prevent obligations
895	895		being incurred in excess of the revenu e to be collected, and
896	896		notwithstanding other provisions of this Constitution, the
897	897		Legislature shall provide that all appropriations shall be reduced
898	898		to bring them within revenues actually collected, but all such
899	899		reductions shall apply to each department, i nstitution, board,
900	900		commission or special appropriation made by the State Legislature in
901	901		the ratio that its total appropriation for that fiscal year bears to
902	902		the total of all appropriations from that fund for that fisc al year;
903	903		provided, however, that the Go vernor shall have discretion to issue
904	904		deficiency certificates to the State Treasurer for the benefit of
905	905		any department, institution or agency of the state, if the amount of
906	906		such deficiency certificates be within the l imit of the current
907	907		appropriation for that department, institution or agency, whereupon
908	908		the State Treasurer shall issue warrants to the extent of such
909	909		certificates for the payment of such claims as may be authorized by
910	910		the Governor, and such warrants shall become a part of the public
911	911		debt and shall be paid out of any money appropriated by the
912	912		Legislature and made lawfully available therefor; provided further,
913	913		that in no event shall said deficiency ce rtificates exceed in the
914	914		aggregate the sum of Five Hundred Thousand Dollars ($500,000.00) in
915	915		any fiscal year.
916	916
917	917
918	918		Req. No. 1277 Page 13 1
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966	966
967	967		SECTION 2. The Ballot Title for the proposed Constitutional
968	968		amendment as set forth in SECTION 1 of this resolution shall be in
969	969		the following form:
970	970		BALLOT TITLE
971	971		Legislative Referendum No. ____ State Question No. ____
972	972		THE GIST OF THE PROPOSITION IS AS FOLLOWS:
973	973		This measure amends Section 23 of Article 10 of the Oklahoma
974	974		Constitution. It removes a limit on one condition for
975	975		expenditures from the Constitutional Reserve Fund. It increases
976	976		the balance in the Fund required to provide certain assistance
977	977		and the amount which may be spent. It allows the Fund to be
978	978		used to help small businesses affected by a catastrophic health
979	979		emergency. The Legislature could define situations which apply
980	980		for this purpose. It modifies the basis for certain
981	981		recommendations for spending funds. It makes certain
982	982		restrictions for spending fund s apply to specific types of
983	983		businesses.
984	984		SHALL THE PROPOSAL BE APPROVED?
985	985		FOR THE PROPOSAL — YES _____________
986	986		AGAINST THE PROPOSAL — NO _____________
987	987		SECTION 3. The President Pro Tempore of the Senate shall,
988	988		immediately after the passage of this resolution, prepare and file
989	989		one copy thereof, including the Ball ot Title set forth in SECTION 2
990	990
991	991
992	992		Req. No. 1277 Page 14 1
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1040	1040
1041	1041		hereof, with the Secr etary of State and one copy with the Attorney
1042	1042		General.
1043	1043
1044	1044		58-1-1277 QD 1/4/2021 3:03:57 PM