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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL NO. 2901 By: Wallace and Martinez of the
House
and
Thompson (Roger) and Hall
of the Senate
COMMITTEE SUBSTITUTE
An Act relating to education; making appropriations;
establishing amounts and sourcing; providin g
purposes; requiring certain distribution methodology
for certain funds; declaring legislative intent;
providing for proportional reduction of certain tax
credits under certain conditions; providing for
codification; providing for noncodification;
providing an effective date; and declari ng an
emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA :
SECTION 1. NEW LAW A new section of law not to be
codified in the Oklahoma Statutes reads as follows:
There is hereby appropriat ed to the State Board of Education
from any monies not otherwise appropriated fr om the General Revenue
Fund of the State Treasury for the fiscal y ear ending June 30, 2024,
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the sum of Five Hundred Million Dollars ( $500,000,000.00) for the
financial support of public schools.
SECTION 2. NEW LAW A new section of l aw not to be
codified in the Oklahoma Statutes reads as follows:
There is hereby appropriated to the State Board of Education for
deposit in the State Public Common School Building Equalization Fund
created in Section 32 of Article X of the Oklahoma Consti tution,
from any monies not otherwise appropriated from the General Reven ue
Fund of the State Treasury for the fiscal year ending June 30, 2024,
One Hundred Twenty-five Million Dollars ($125,000,000.00) to be
distributed as redbud school grants as provided in Section 3-104 of
Title 70 of the Oklahoma Statutes.
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 28-100A of Title 70, unless
there is created a duplication in numbering, reads as fol lows:
A. It is the intent of the Legislature that appropriations made
in House Bill No. 2901 of the 1st Session of the 59th Oklahoma
Legislature in conjunction with other funds appropriated to the
State Board of Education during the 1st Session of the 59t h Oklahoma
Legislature establish a new baseline appropriation le vel for public
schools in this state, and that maintaining such baseline levels in
future years should be a requirement prior to resources being made
available for programs such a s the Oklahoma Parental Choice Tax
Credit Act, created pursuant to House Bill No. 19 34 of the 1st
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Session of the 59th Oklahoma Legislature. For this reason,
subsection B of this section is necessary.
B. Beginning July 1, 2024 , and at the beginning of each
succeeding state fiscal year, if the amount of money ap propriated to
the State Board of Education:
1. For the financial support of public schools and support of
public schools activities in such fiscal year; and
2. To be distributed through redbud school grants pro vided for
in Section 3-104 of Title 70 of the Oklahoma Statutes,
is less than such amounts appropriated for the fiscal year ending
June 30, 2024, the tax credits otherwise authorized in the Oklahoma
Parental Choice Tax Cre dit Act shall be reduced proportionally to
reflect the proportion such appropriations fail to reach the
baseline amounts appropriated for the fiscal year ending June 30,
2024.
SECTION 4. This act shall become effective July 1, 2023.
SECTION 5. It being immediately necessary fo r the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by rea son whereof this act shall take effect and
be in full force from and after its passage and approval.
59-1-8386 JM 05/16/23