Req. No. 494 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 582 By: Montgomery AS INTRODUCED An Act relating to public finance; creati ng the Oklahoma Prosperity Act; providing short title; making act contingent on certain appropriation; defining terms; requiring State Treasurer to develop and operate the Oklahoma Prosperity Act Program in accordance with stated requirements; establishing certain persons as fiduciary for accounts established under Program; exempting certain pers ons from fiduciary duty; providing standard of fiduciary duty; establishing mandates for designing and operating program; authorizing adoption of certain rules; creating the Oklahoma Prosperity Act Administrative Fund; specifying terms of the fund; creatin g the Oklahoma Prosperity Act Trust; authorizing Treasurer to appoint certain persons as trustee or custodian; requiring assets of certain IRAs be allocated to trust and managed for certain purpose; requiring establishment of at least one investment fund w ithin the trust; establishing terms of investment funds; authorizing Treasurer to hire investment advisers for certain purpose; specifying terms of trust maintenance and invest ments; requiring trust assets be held separate from state assets; prohibiting liability of state for trust; exempting trust monies from state income tax; authorizing trust to be established by adoption of f und of other state in certain circumstances; requi ring program be established in certain time frame; a uthorizing Treasurer to extend time frame; authorizing Treasurer to establish pilot program or rollouts for implementing act; amending 75 O.S. 2021, Section 250.4, which relates to the Administrative Proc edures Act; providing exemption for certain activiti es; updating statutory langu age; providing for Req. No. 494 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 noncodification; providing for codification; and providing an effective d ate. 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: This act shall be known and may be cited as the "Oklahoma Prosperity Act". SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3600 of Title 62, unless there is created a duplication in numb ering, reads as follows: A. Implementation of this act shall be subject to the receipt of appropriations sufficient to establi sh the Oklahoma Prosperity Act Program, as defin ed in this section. B. As used in this act: 1. "Administrative fund" shall mean the Oklahoma Prosperity Act administrative fund established under this act; 2. "Contribution rate" means the percentage of th e wages of a covered employee that is withheld f rom his or her wages and paid to the individual retirement account or individual re tirement annuity established for the covered employee under the Program; 3. "Covered employee" means any individual who is e ighteen (18) years of age or older, who is emplo yed by a participating employ er and who has wages that are allocable to the state. For purposes of Req. No. 494 Page 3 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 the investment, withdrawal, transfer, rollover, or other distribution of an individual retirement account or individual retirement annuity, the term covered employee also includes the beneficiary of a deceas ed covered employee; 4. "Employer" means a person or entity engaged in a business, profession, trade, or other enterprise in the state, whether for profit or not-for-profit, that employs one or more indiv iduals in the state; provided, that a federal or st ate entity, agency, or instrumentality or any political subdivision thereof, shall not be an employer; 5. "Enrollee" means any covered employee enrolled in the Oklahoma Prosperity Act Program; 6. "Internal Revenue Code" means the federal Internal Revenue Code of 1986, as amended; 7. "Investment adviser" means either: a. an investment advise r registered under the U.S. Investment Advisers Act of 1940, or b. a bank or other institution ex empt from registration under the U.S. Investment Advisers Act of 1940; 8. "Investment fund" means each investment portfolio established within the tru st for investment purposes; 9. "IRA" means either an individual retirement account or individual retirement annuity establi shed under Section 408 or 408A of Title 26 of the I nternal Revenue Code; Req. No. 494 Page 4 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 10. "Participating employer" means an employer electing to participate in the Oklahoma Prosperity Act Program that has not been a participating or contributing employer in a retireme nt plan, an automatic enrollment payroll deduction IRA, or a qualified retirement plan in compliance with federal law for its employees including plans qualified under Section 401(a), 401(k), 403(a), 403(b), 408(k), 408(p), 457(b), or 457(f) of Title 26 of the Internal Revenue Code or any deferred compensa tion plan offered by any employer at any time during the preceding two (2) calendar years; 11. "Program" means the Oklahoma Prosperity Act Program established under this act; 12. "State" means the State of Oklahoma; 13. "State Treasurer" means the Oklahoma State Treasurer; 14. "Trust" means the IRA retirement trust or annuity contract established under Section 7 of this act; 15. "Trustee" means the trustee of the trust including an insurance company is suing an annuity contract selected under Section 4 of this act; and 16. "Wages" means compensation within the meaning of Section 219(f)(1) of Title 26 of the Internal Revenue Code that is received by a covered employee from a participating employer. Req. No. 494 Page 5 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 SECTION 3. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3601 of Title 62, unless there is created a duplication in numb ering, reads as follows: The State Treasurer shall have the following powers and du ties in implementing the prov isions of this act: 1. To design, establish, and oper ate the Oklahoma Prosperity Act Program in accordance with the requirements established in this act; 2. To collect fees to defray the costs of a dministering the Program; 3. To enter into contracts nec essary or desirable fo r the establishment and administ ration of the Program; 4. To hire, retain, and termin ate third-party service providers for the Program including, but not limited to, consultant s, investment managers or ad visors, trustees, custodians, insurance companies, record keepers, administrators, actuaries, counsel, auditors, and other professionals; provided, that each service provider shall be authorized to do business in this state. Fo r purposes of selecting a th ird-party service provider, t he Office of the State Treasurer shall be exempt from the Oklahoma Central Purchasing Act; provided, that a competitive process shall be developed and utilized to select service providers; 5. To determine the type or types of IRAs to be offered; Req. No. 494 Page 6 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 6. To employ a program adminis trator and any other individuals necessary to administer the Progr am and the administr ative fund; 7. To develop and implement an outreach plan and disseminate information regarding the Program and retirem ent and financial education in general, to employee s, employers, and other constituents in the state; 8. To adopt rules and procedures f or the establishment and operation of the Program and to take such other actions as necessary to operate the Program in accordance with the provisions of this act. Any guidelines or procedures affectin g the Program may be implemented after reasonable noti ce to the public and a public comment period, in a manner similar to the requirements of the Administrative Procedures Act. However, the A dministrative Procedures Act shall not apply for purposes of th is section; and 9. If applicable, to establish and maintain the Program by contracting with another state, partnering with one or more states to create a joint auto -IRA program, allowing state s to participate in the Program, or forming a consortium with o ne or more other states in which certain aspects of th e Program of each state are combined for administrative convenience and efficiency. SECTION 4. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3602 of Title 62, unless there is created a duplication in numb ering, reads as follows: Req. No. 494 Page 7 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 A. The trustee and each investment adviser shall be a fiduciary with respect to the tru st and IRAs established and m aintained under the Oklahoma Prosperity Act Program. B. Each participating employer shall be required to provide covered employees with the in formation as required by the Program. No employer acting pursuant to this act shall be considered a fiduciary with respect to the trust or an IRA or have fiduciary responsibilities under the act. C. Each fiduciary shall discharge its duties with respect to the Program solely in the best interests of covered employees and with the care, skill, prudence, and diligenc e under the prevailing circumstances that a prudent pe rson acting in a similar capacity and familiar with those matters would use in the conduc t of an enterprise of like character and aims. SECTION 5. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3603 of Title 62, unless there is created a duplication in numb ering, reads as follows: The Oklahoma Prosperity Act Program shall b e designed, established, and operated in accordance with the followi ng provisions: 1. Each participating employer may offer to each covered employee an opportuni ty to contribute to an IRA established under the Program for the benefit of the covered employ ee through Req. No. 494 Page 8 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 withholding from his or her wages. No employer shall be permitted to contribute to the Program; 2. Unless the covered employee elects not to particip ate in the Program, he or she may be automatically enrol led in the Program and contributions shall be withheld fro m the wages of the covered employee; 3. The minimum contribution rate of each enrollee shall be three percent (3%); the minimum contributio n rate shall be the default contribution rate; 4. The IRAs shall qualify for favorable federal income tax treatment under Sections 408 and 408A of Title 26, as app ropriate, of the Internal Reve nue Code; 5. Each participating employer shall deposit withheld contributions of the enrollee under the Program with the trustee in such manner as is determi ned by the State Tre asurer; provided, that the employer shall delive r the amounts withheld to the trustee within thirty (30) business days after the date the a mounts otherwise would have been paid to the enrollee; 6. Additional rules and procedures may be adopted in conjunction with established Internal Revenue Service (I RS) regulations for withdrawals, distributions, transfers , and rollovers of IRAs and for the designation of IRA beneficiaries; 7. Information regarding the Program shall be made available to the public on a website maintained for the Program; Req. No. 494 Page 9 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 8. Audited financial reports shall be submitted to the Governor and Legislature within two (2) years after the Program is established and annually thereafter at the end of each fiscal year; 9. Each participating employer shall be provided inform ation regarding the Program and disclosures including: a. a description of the benefits and risk s associated with investments offered in t he Program, b. instructions about how to obtain addit ional information about the Program, c. a description of the fede ral and state income tax consequences of an IRA, which may consist of or include the disclosure statement required to be distributed under the Internal Revenue Code and the Treasury Regulations thereunder, d. a statement that covered em ployees seeking fina ncial advice should contact their own financial advisors, that participating employers shall not provi de financial advice, and that participating employers are not liable for decisions covered employees m ake under the act, e. a statement that the Program i s not an employer- sponsored retirement plan, Req. No. 494 Page 10 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 f. a statement that neither the Program nor the IRA of the enrollee established under the Progra m is guaranteed by the state, g. a statement that neit her a participating employer nor the state will monitor or h as an obligation to monitor the eligibility of the covered employee under the Internal Revenue Code to make contributions to an IRA or to monitor whether the contribution of the enrollee to the IRA established for the enrollee under the Program exceeds the maximum permissible IRA contribution; it shall be the responsibility of the covered employee, and h. a statement that neither the state nor the participating employer will have any liability with respect to any failure of the covered e mployee to be eligible to make IRA contributions or any contribution in excess of the maximum IRA contribution; 10. Any information, forms, or instructions to be furnished to covered employees that provide the c overed employee with the procedures for: a. making contributions to the IRA of the covered employee established under the Program including a description of the minimum contribution rate and the Req. No. 494 Page 11 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 right to elect to make no contribution or to change the contribution rate under the Program, b. making an investment election with respect to the IRA of the covered employee established under the Program including a description of the default investment fund, and c. making transfers, rollovers, withdrawals, and other distributions from the IRA of the covered employee; 11. Each participating employer shall deliver or facilitate the delivery of the information about the Program t o each covered employee at the time and in the manner as established by Program guidelines; and 12. The Program shall be designed and operated in a manner that will cause it not to be an employee benefit plan within the meaning of Section 3(3) of the Empl oyee Retirement Income Security Act of 1974. SECTION 6. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Se ction 3604 of Title 62, unless there is created a duplication in numbering, reads as follows: There is hereby created in the Office of the State Treasurer a fund to be designated as the "Oklahoma Prosperity Act Administrative Fund". The fund shall be a co ntinuing fund, not subject to fiscal year limitations, and shall consist of monies appropriated for the administration of the Oklahoma Prosperity Act Prog ram, all Req. No. 494 Page 12 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 administrative fees collected, and any other monies designated to the fund by law. All monie s accruing to the credit of t he fund are hereby appropriated and may be budgeted and expended by the State Treasurer for expenses related to the administr ation and support of the Program. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against cla ims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment . SECTION 7. NEW LAW A new section of law to be codified in the Oklahoma Statu tes as Section 3605 of Title 62, unless there is created a duplication in numbering, reads as follows: A. There is hereby created as an instrumentality of the state a trust to be known as the "Oklahoma Prosperity Act Trust". B. The State Treasurer may ap point qualified financial institutions to act as tr ustee or custodian of the IRA accounts. C. The assets of IRAs established for covered employees shall be allocated to the Trust and combined for investment purpos es. Trust assets shall be managed and adm inistered for the purposes of providing services to enrollees and defraying reasonable administrative expenses of the Oklahoma Prosperity Act Program. D. There shall be established within the Trust one or more investment funds. The first One Thousand Dol lars ($1,000.00) in contributions made by, or on be half of, an enrollee may be deposited into a default capital preservation investment fund and the enrollee Req. No. 494 Page 13 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 may be provided an account revocation period during whic h, if the enrollee chooses to end particip ation in the Program, the enr ollee may withdraw the deposited amounts from the default inves tment without penalty. E. Enrollees may allocate assets of their IRAs among investment funds and a default investment fun d may be designated for the IRAs of enrollees who do not select an inve stment fund. F. The State Treasurer may retain investment advi sers to select and manage the investments of investment funds on a discretionary basis, subject to ongoing review and over sight. G. The assets of the Trust shall be maintained, invested, and expended solely for the purposes of the Trust and no property rights therein shall exist in favor of the state or any participating employer. Trust assets shall not be transferred or us ed by the state for any purposes other tha n the purposes of the Trust or funding the expenses of operating the Program. H. The assets of the Trust shall be held separate and apart from the assets of the state. I. There shall be no liability for the state , the Program, the State Treasurer, or any employer for investment loss es incurred by any covered employee as a result of participatin g in the Program. J. The Trust and each investment fund shall not be subject to income tax of this state. Req. No. 494 Page 14 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 K. If the Program is established by using the IRA program of another state, a joint program, or a consortiu m with one or more other states, then the Trust may be established by adopting the trust established under the program of the other state or states or as a master trust or similar arrangement with the othe r state or states; provided, that the trust, master trust, or similar arrangement satisfies the requirements of this section. SECTION 8. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3606 of Title 62, unless there is created a duplication in numbering, reads as follows: The Oklahoma Prosperity Act P rogram shall be established so that enrollees may begin making contributions within twenty -four (24) months of the effective date of this act; p rovided, that the State Treasurer may extend the period withi n which the Program is implemented by twelve (12) m onths. The State Treasurer may establish a pilot program for certain participating employers, may provide for a staggered rollout of the Progra m so that participating employers may offer the Program to co vered employees in stages based on employee headcount or other criteria, or both. SECTION 9. AMENDATORY 75 O.S. 2021, Section 250.4, is amended to read as follows: Section 250.4. A. 1. Except as is otherwise specifically provided in this subsection, each agency is required to comply with Article I of the Administrative Procedures Act. Req. No. 494 Page 15 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 2. The Corporation Commission sh all be required to comply with the provisions of Article I of the Administrative Procedures Act except for subsections A, B, C, and E of Section 303 of this title and Section 306 of this title. To the extent of any conflict or inconsistency with Article I of the Administrative Procedures Act, pursuant to Section 35 of Article IX of the Oklahoma Constitution, it is expressly declared that Article I of the Administrative Procedures Act is an amendment to and alteration of Sections 18 through 34 of Article IX of the Oklahoma Constitution. 3. The Oklahoma Military Department of the State of Oklahoma shall be exempt from the provisions of Article I of th e Administrative Procedures Act to the extent it exercises its responsibility for military affairs. Military publications, as defined in Section 801 of Title 44 of the Oklahoma Statutes, shall be exempt from the provision s of Article I and Article II of t he Administrative Procedures Act, except as provided in Sec tion 251 of this title. 4. The Oklahoma Ordnance Works Authority, the Nor theast Oklahoma Public Facilities Authority, the Oklahoma Office of Homeland Security, and the Board of Trustees of the Okl ahoma College Savings Plan shall be exempt from Article I o f the Administrative Procedures Act. 5. The Transportation Commission and the Department of Transportation shall be exempt from Article I of the Administrative Req. No. 494 Page 16 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 Procedures Act to the extent they e xercise their authority in adopting standard specifications , special provisions, plans, design standards, testing procedures, federall y imposed requirements and generally recognized standards, project planning and programmi ng, and the operation and control of the State Highway System. 6. The Oklahoma State Regen ts for Higher Education shall be exempt from Article I of the Administrativ e Procedures Act wit h respect to: a. prescribing standards of higher education, b. prescribing functions and courses of study in each institution to conform to the standards, c. granting of degrees and other forms of academic recognition for completion of the prescribed cours es, d. allocation of state-appropriated funds, and e. fees within the limits prescribed by the Le gislature. 7. Institutional governing boards within The O klahoma State System of Higher Education shall be exempt from Article I of the Administrative Procedu res Act. 8. a. The Commissioner of Public Safety shall be exempt from Sections 303.1, 304, 307. 1, 308, and 308.1 of this title insofar as it is necessary t o promulgate rules pursuant to the Oklahoma Motor Carrier Safety and Hazardous Materials Transportatio n Act, to maintain a current incorporation of federal motor carrier s afety Req. No. 494 Page 17 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 and hazardous materi al regulations, or pursuant to Chapter 6 of Title 47 of the Oklahoma Statutes, to maintain a current incorporation of federal commerci al driver license regulatio ns, for which the Commissioner has no discretion when the state is ma ndated to promulgate rules identical to federal rules and regulations. b. Such rules may be adopted by the Commissioner and shall be deemed promulgated twenty (20) days after notice of adoption is published in "The Oklahoma Register". Such publication nee d not set forth the full text of the rule but may incorporate the federal rules and regulations by reference. c. Such copies of promulgated rules shall be fil ed with the Secretary as requ ired by Section 251 of this title. d. For any rules for which the Com missioner has discretion to allow variances, tolerances, or modifications from the federal rules and regulations, the Commissioner shall fully comply with Art icle I of the Administrative P rocedures Act. 9. The Council on Judicial Complaints shall be exemp t from Section 306 of Article I of the Administrative Procedures Act, with respect to review of the validity or applicability of a rule by an Req. No. 494 Page 18 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 action for declaratory judgment, or any other relief based upon the validity or applicability of a rule, in the di strict court or by an appellate court. A party aggrieved by the validity or applicability of a rule made by the Council on Judicial Complaints may petition the Court on the Judiciary to r eview the rules and issue opinions based upon them. 10. The Department of Corrections, State Board of Corrections, county sheriffs, and managers of city jails shall be exempt from Article I of the Administrative Procedures A ct with respect to: a. prescribing internal management procedures for the management of the state p risons, county jails, and city jails and for the management, supervision, and control of all incarcerated prisoners, and b. prescribing internal management p rocedures for the management of the probation and parole unit of the Department of Corrections and for the supervision of probationers and parolees. 11. The State Board of Education shall be exempt from Article I of the Administrative Procedures Act with respect to prescribing subject matter standards as provided for in Section 11-103.6a of Title 70 of the Oklahoma Statutes. B. As specified, the following agencies or classes of agency activities are not required to comply with the provisions of Article II of the Administrative Procedures Act: Req. No. 494 Page 19 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 1. The Oklahoma Tax Commission, except as provided in subsection G of Section 1140 of Title 47 of the Oklahoma Statutes; 2. The Commission for Human Services; 3. The Oklahoma Ordnance Works Authority; 4. The Corporation Commission; 5. The Pardon and Parole Board; 6. The Midwestern Oklahoma Development Authori ty; 7. The Grand River Dam Authority; 8. The Northeast Oklahoma Public Facilities Authority; 9. The Council on Judicial Complaints; 10. The Board of Trustees of the Oklahoma College Savin gs Plan; 11. The supervisory or administrative agency of any pen al, mental, medical or eleemosynary institution, only with respect to the institutional supervision, custody, control, care , or treatment of inmates, prisoners, or patients therein; provided, t hat the provisions of Article II shall apply to and govern all administrative actions of the Oklahoma Alcohol Prevention, Training, Treatment and Rehabilitation Authority; 12. The Board of Regents or employe es of any university, college, or other institut ion of higher learning; 13. The Oklahoma Horse Racing Commissi on, its employees, or agents only with respect to hearing and notice requirements on the following classes of violations which are an imminent pe ril to the public health, safety , and welfare: Req. No. 494 Page 20 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 a. any rule regarding the running of a race, b. any violation of medication laws and rules, c. any suspension or revocation of an occupation license by any racing jurisdiction recognized by the Commission, d. any assault or other destructive acts within Commission-licensed premises, e. any violation of prohibited devic es, laws, and rules, or f. any filing of false information; 14. The Commissioner of Public Safety only with respect to driver license heari ngs and hearings conducted pursuant to the provisions of Section 2-115 of Title 47 of the Oklahoma Statutes; 15. The Administrator of the Department of Securities only with respect to hearings conducted pursuant to provisions of the Oklahoma Take-over Disclosure Act of 1985; 16. Hearings conducted by a publi c agency pursuant to Section 962 of Title 47 of the Oklahoma Statutes; 17. The Oklahoma Military Department of the State of Oklahoma; 18. The University Hospitals Authority, including all hospitals or other institutions operated by the University Hospita ls Authority; 19. The Oklahoma Health Care Authority Board and the Administrator of the Oklahoma Health Care Authority; and Req. No. 494 Page 21 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 20. The Oklahoma Of fice of Homeland Security; and 21. The State Treasurer with respect to the adoption of rules and procedures for the implementation and operation of the Oklahoma Prosperity Act pursuant to Section 1 of this act . SECTION 10. This act shall become effective November 1, 2023. 59-1-494 QD 1/17/2023 6:21:24 PM