Req. No. 729 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 59th Legislature (2023) SENATE BILL 278 By: Daniels AS INTRODUCED An Act relating to the Oklahoma Sunset Law; reducing amount of time certain ag encies have to complete termination; requiring agencies to terminate within certain calendar year; requiring certain funds to be transferred to the General Revenue Fund at a certain time; and providing an effective date . BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 74 O.S. 2021, Section 3909, is amended to read as follows: Section 3909. A. Except as otherwise provided by law, any statutory entity listed in Sections 3903 through 3908 of this t itle which is terminated shall have a period of one ( 1) year after its termination date continue in existence until December 31 of the calendar year in which it is terminated for the sole purpose of ceasing its affairs an d termination shall not reduce or otherwise limit retain only the powers, duties, or fun ctions of said entity necessary to cease its affairs. Upon the expiration of the one -year period, On December 31 of the calend ar year in which it is Req. No. 729 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 terminated, the entity and its personnel positions s hall be abolished. B. Except as otherwise provided by law, one (1) year after the termination date of a statutory entity, the State Treasurer shall transfer all funds of that en tity to the General Revenue Fund on December 31 of the calendar year in which it is terminated. All debts of that entity shall be p aid by the State Treasurer from the funds of that statutory entity. All equipment, files, fixtures, furniture, and supplies of the terminated entity shall be transferred to the Office of Management and Enterprise Services to be stored or disposed of as sp ecified by law. Any other outstanding obligations or functions remaining to be performed after termination of an entity shall be performed by the Office of Management and Enterprise Services until provisions are made for such obligations or functions by the Legislature. SECTION 2. This act shall become effective November 1, 2023. 59-1-729 KR 1/11/2023 4:01:20 PM