HB2972 HFLR Page 1
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HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
2nd Session of the 59th Legislature (202 4)
HOUSE BILL 2972 By: West (Rick) and Talley of
the House
and
Burns of the Senate
AS INTRODUCED
An Act relating to legal tender; mandating that
certain organizations accept cash as legal tender for
activities and contests ; prohibiting fees and
discounts; clarifying acceptance of other forms of
legal tender; defining term; providing for
codification; providing an effective date ; and
declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new secti on of law to be codified
in the Oklahoma Statutes a s Section 821.20 of Title 70, unless there
is created a duplica tion in numbering, reads as follows:
Any private organization or association which charges school s or
school districts a membership fee, retains a portion of revenue
generated by an interschola stic activity or contest of the member
schools, and provides th e coordination, supervision, and regulation
of the interscholastic activity or contest shall accept cash as
HB2972 HFLR Page 2
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legal tender for admission to any activity or contest. There shall
be no increased charge for the use of cash nor shall there be a
discount for the use of another payment method. Nothing in this act
shall be interpreted as prohibiting the acceptance of noncash forms
of legal tender.
As used in this act, the term "cash" refers to the United States
dollar.
SECTION 2. This act shall be come effective July 1, 2024.
SECTION 3. It being immediately necessary for the p reservation
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 passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON BANKING, FINANCIAL SERVICE S AND
PENSIONS, dated 02/13/2024 - DO PASS, As Coauthored.