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SENATE FLOOR VERSION
February 13, 2023
SENATE BILL NO. 173 By: Dugger of the Senate
and
Kendrix of the House
An Act relating to accounting; amending 59 O. S. 2021,
Section 15.2, as amended by Section 2, Chapter 26,
O.S.L. 2022 (59 O.S. Supp. 2022, Section 15.2), which
relates to the Oklahoma Accountancy Board ; extending
sunset date; providing an effective date; and
declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLA HOMA:
SECTION 1. AMENDATORY 59 O.S. 2021, Section 15.2, as
amended by Section 2, Chapter 26, O.S.L. 2022 (59 O.S. Supp. 2022,
Section 15.2), is amended to read as follows:
Section 15.2. A. There is hereby re -created, to continue until
July 1, 2023 July 1, 2028, in accordance with the provisions of the
Oklahoma Sunset Law, the Oklahoma Accountancy Board. The Oklahoma
Accountancy Board shall have the responsibility for administering
and enforcing the Oklahoma Accountancy Act. The Oklahoma
Accountancy Board shall be c omposed of seven (7) members, who shall
have professional or practical experience in the use of accounting
services and financial matters, so as to be qualified to make
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judgments about the qualifications and conduct of persons and firms
subject to regulation under the Oklahoma Accountancy Act to be
appointed by the Governor and confirme d by the Senate. The numbe r
of registrant members shall not be more than five, not including a
firm, who shall serve terms of five (5) years. No member who has
served two successive complete terms shall be eligible for
reappointment, but an appointme nt to fill an unexpired ter m shall
not be considered a complete term for this purpose. One public
member shall serve coterminously with the Governor appointing the
public member. The other public member shall serve a term of five
(5) years.
B. Five members shall be certified public accountants holding
certificates and four shall hold permits issued pursuant to the
provisions of the Oklahoma Accountancy Act, at least four of whom
shall have been engaged in the practice of public ac counting as a
certified public accountant continuously for not less than five (5)
out of the last fifteen (15) years immediately preceding their
appointments. A list of qualified persons shall be compiled and
submitted to the Governor by the Oklahoma Soci ety of Certified
Public Accountants from time to time as appointments of the
certified public accountant Board members are required. A list of
three names shall be submitted for each single appointment from
which the Governor may make the appointment.
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C. Two members shall be public members who are not certified
public accountants. One public member shall be appoi nted by the
Governor to a term coterminou s with the Governor, to serve at his or
her pleasure. The other public member shall serve a term of five
(5) years and have professional or practical experience in the use
of accounting services and financial matters. A list of qualified
persons shall be compiled and submitted to the Governor by the
Oklahoma Society of Public Accountants, Oklahoma Society of
Certified Public Accountants, or successor o rganizations from time
to time as appointment of the Board member is required. A list of
three (3) names shall be submitted for each single appointment f rom
which the Governor may make the appointment.
D. Upon the expiration of the term of office, a member shall
continue to serve until a qualified successor has been app ointed.
Confirmation by the Senate is required during the next regular
session of the Senate for the member to continue to serve.
SECTION 2. This act shall become effective July 1, 2023.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is her eby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage a nd approval.
COMMITTEE REPORT BY: COMMITTEE ON BUSINESS AND COMMERCE
February 13, 2023 - DO PASS