Appropriations; making an appropriation to the Office of Management and Enterprise Services. Emergency.
The impact of SB1148 on state laws is significant in that it establishes specific fiscal procedures that must be adhered to by the Office of Management and Enterprise Services. The bill requires that funds appropriated in FY-24 can only be encumbered until June 30, 2024, and emphasizes the importance of timely expenditure by setting a deadline of November 15, 2024, for the use of these funds. Any leftover funds post-deadline that are not allocated for FY-25 will lapse, requiring careful fiscal management by the agency involved.
Senate Bill 1148 pertains to appropriations for the Office of Management and Enterprise Services in Oklahoma. The bill proposes an appropriation of $100,000 to this office for the fiscal year ending June 30, 2024, with provisions for budgeting over the subsequent fiscal year, ending June 30, 2025. This financial support is designated to ensure that the office can perform its legally mandated duties without interruption. Moreover, the bill incorporates clear guidelines for the budgeting and expenditure of these appropriated funds.
SB1148 was introduced as an emergency measure, indicating the urgency perceived by the legislators for these appropriations. The emergency declaration within the bill suggests that there is a pressing need for the funds to maintain public services and fulfill administrative functions. This aspect may lead to discussions regarding the state’s immediate budgetary priorities and the need to stabilize funding flows amidst broader economic conditions. However, specific points of contention were not detailed in the discussions surrounding the bill at the time of review.