Appropriations; making an appropriation to the Office of Management and Enterprise Services. Emergency.
The bill has broader implications for state budgetary procedures and appropriations management, specifying how funds can be utilized within fiscal years 2024 and 2025. It dictates that funds budgeted for FY-24 must be encumbered by the end of that fiscal year and expended by November 15, 2024, while also outlining the conditions under which funds can be budgeted for the following fiscal year. This regulation is designed to prevent overlapping fiscal obligations and ensures that funds not utilized within the set timelines will lapse to the proper fund, thereby maintaining fiscal discipline.
Senate Bill 1147 is a legislative proposal focused on appropriating funds to the Office of Management and Enterprise Services (OMES) in Oklahoma for the fiscal year ending June 30, 2024. The bill outlines the allocation of One Hundred Thousand Dollars ($100,000) from the General Revenue Fund of the State Treasury, contingent on any additional requirements not already appropriated. This act is intended to ensure that OMES can perform its duties mandated by law, signifying the state's commitment to maintaining effective management of its fiscal responsibilities.
Notably, SB1147 carries an emergency designation, which allows it to be implemented immediately upon passage and approval. This aspect of the bill could be contentious as it may provoke debate over the appropriateness of declaring an emergency for budgetary matters. Discussions surrounding the bill may touch on the implications of such emergency declarations, especially regarding their frequency and the need for rapid fiscal action in the state budget management process.