An Act
ENROLLED HOUSE
BILL NO. 3560 By: Kendrix of the House
and
Daniels of the Senate
An Act relating to public finance; amending 62 O.S.
2021, Section 34.10, which relates to annual
reporting requirements; modifying description of
certain report; providing an effective date; and
declaring an emergency .
SUBJECT: Public finance
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 62 O.S. 2021, Section 34.10, is
amended to read as follows:
Section 34.10 The Director of the Office of Management and
Enterprise Services shal l cause to be prepared a comprehensive an
annual comprehensive financial report, in accordance with generally
accepted accounting principles for governments, an d shall further
have the general purpose financial statements included in the annual
comprehensive annual financial report audited in accordance with
generally accepted auditing standards. The Director is hereby
authorized to establish procedures and guid elines which are
consistent with those issued by the Government Accounting Standards
Board, and which shall be followed by state agencies, colleges and
universities and other en tities who are included in the report, for
purposes of establishing consistent application of accounting
principles and to ensure the timeliness of the report.
SECTION 2. This act shall become effective July 1, 2024.
ENR. H. B. NO. 3560 Page 2
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 passage and approval.
ENR. H. B. NO. 3560 Page 3
Passed the House of Representatives the 28th day of February,
2024.
Presiding Officer of the House
of Representatives
Passed the Senate the 17th day of April, 2024.
Presiding Officer of the Senate
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _____ ____
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________