Req. No. 176 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 45 By: Bergstrom AS INTRODUCED An Act relating to school finances; amendi ng 70 O.S. 2021, Section 3-117.3, which relates to the School Finance Review Commission; di recting the Commission to conduct a review of certain m atters; providing an effective date; and declaring an emergency . BE IT ENACTED BY THE PEOPLE OF THE S TATE OF OKLAHOMA: SECTION 1. AMENDATORY 70 O.S. 2021, Section 3-117.3, is amended to read as follows: Section 3-117.3. A. The School Finance Review Commission shall conduct a review of all matters related to school finance , including but not limited to teacher: 1. Teacher compensation, and benefits and administration; 2. Administrative costs including administrative functions that may be shared between school districts; 3. Opportunities for school districts to be operated i n a cost- effective manner; Req. No. 176 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 4. Variances in per-pupil and administrative expenditures amon g school districts with compara ble enrollment, demographics, and outcomes on statewide assessments; and 5. Expenditures that are not directly or sufficiently related to improving student outcomes . B. The Commission shall submit a report of its findings t o the Governor, the President Pro Tempore of the Senate , and the Speaker of the House of Representatives no later than D ecember 31, 2023, and every subsequent four (4 ) years by December 31. SECTION 2. This act shall become effective July 1, 2023. SECTION 3. It being immediately necessary for the preservation of the public peace, health , or safety, an emergency is hereby declared to exist, by reason whereof thi s act shall take effect and be in full force from and after its pas sage and approval. 59-1-176 EB 12/15/2022 4:36:34 PM