Req. No. 8515 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 2nd Session of the 59th Legislature (202 4) HOUSE BILL 3943 By: Provenzano AS INTRODUCED An Act relating to school funding; directing the State Department of Education to submit quarterly expenditure and disbursement reports to the Legislature; prescribing timing for report submission; mandating information to be included in report; providing for form at of report; mandating report be published on Department website; requiring designation of certain Department employee; defining term; and providing for codification . BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 3-104.12 of Title 70, unless there is created a duplication in numbering, reads as follows: A. Beginning October 1, 2024, the State Department of Education shall compile and submit quarterly reports to the Oklahoma House of Representatives and th e Oklahoma State Senate detailing all expenditures and disbursements made by the Department and the State Board of Education during the preceding quarter. Req. No. 8515 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 B. The quarterly reports shall be submitted within thirty (30) days after the end of the relevant qua rter and shall include, for each expenditure or disbursement: 1. The date of the expenditure or disbursement; 2. The amount of the expenditure or disbursement; 3. A brief description of the category and purpose of the expenditure or disbursement; and 4. The specific source of funds used for the expenditure or disbursement including, but not limited to, state funds, federal funds, grant funds, private funds, or funds from any other source. C. The quarterly reports shall be submitted to the Legislature in both electronic and hard copy format. The Department shall also publish the quarterly report s on its website within ten (10) days o f submitting the report to the Legislature. The Department shall designate an employee of the Department who can verify the accuracy of the quarterly reports and answer any questions about the information contained in the report s. D. As used in this section, "expenditure" means any payment of money made by the Department or the Board in pursuit of its functions and duties, regardless of the source of the funds. 59-2-8515 EK 01/09/24