Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB283 Compare Versions

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3		-	SB283 HFLR Page 1
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	3	+	ENGR. S. B. NO. 283 Page 1 1
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28		-
29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31		-	STATE OF OKLAHOMA
32		-
33		-	1st Session of the 60th Legislature (2025)
34	27
35	28		ENGROSSED SENATE
36	29		BILL NO. 283 By: Rader of the Senate
37	30
38	31		and
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40	33		Kendrix of the House
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45	38		An Act relating to The Oklahoma State System of
46	39		Higher Education; amending 62 O.S. 2021, Section
47	40		34.53, which relates to the Oklahoma State Finance
48	41		Act; updating statutory reference; amending 70 O.S.
49	42		2021, Section 3206.6a, which relates to the master
50	43		lease program; expanding annual transaction limit to
51	44		include certain refunded projects; updating statutory
52	45		language; and providing an effective date .
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57	50		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
58	51		SECTION 1. AMENDATORY 62 O.S. 2021, Section 34.53, is
59	52		amended to read as follows:
60	53		Section 34.53. A. 1. The Oklahoma State System of Higher
61	54		Education, established by Article XIII -A of the Oklahoma
62	55		Constitution, shall operate an allotment system similar to the
63	56		procedure set out in the Oklahoma State Finance Act for other
64	57		agencies of the state except that the Oklahoma State Regents for
65	58		Higher Education shall be substituted for the Director of th e Office
66	59		of Management and Enterprise Services in connection with approving
	60	+	allotment requests of the constituent institutions comprising The
	61	+	Oklahoma State System of Higher Education.
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68		-	SB283 HFLR Page 2
69		-	BOLD FACE denotes Committee Amendments. 1
	63	+	ENGR. S. B. NO. 283 Page 2 1
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94		-	allotment requests of the constituent institutions comprising The
95		-	Oklahoma State System of Higher Education.
96	88		2. The account classification for the State System of Higher
97	89		Education shall conform as nearly as possible with the
98	90		classification of accounts recommended by the National Committee on
99	91		Standard Reports for Institutions of Higher Education.
100	92		3. The Board of Regents shall allocate to each institution
101	93		under its control from the consolidated, or lump sum appropriation
102	94		made by the Legislature, an amount sufficient to meet the needs and
103	95		functions of each institution for the entire year.
104	96		4. The amount allocated to each institution for each fiscal
105	97		year in accordance with Article XIII -A of the Oklahoma Constitution,
106	98		shall be made in a lump sum without regard to uniform budget or
107	99		accounting classifications, but shall not be available for
108	100		expenditure until subsequently allotted by the Regents in accordance
109	101		with the uniform budget and acc ounting classifications recommended
110	102		by the National Committee on Standard Reports.
111	103		B. The Oklahoma State Regents for Higher Education may reduce
112	104		the allocation of funds which could otherwise be made to an
113	105		institution within The Oklahoma State System of Hi gher Education in
114	106		order to make payments for leases within the lease financing program
115	107		authorized by Section 3206.5 3206.6a of Title 70 of the Oklahoma
116	108		Statutes.
	109	+	C. 1. The Regents, with the approval of the Director of the
	110	+	Office of Management and Enterpr ise Services, may allot money to any
	111	+	constituent institution to set up and operate a petty cash fund at
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118		-	SB283 HFLR Page 3
119		-	BOLD FACE denotes Committee Amendments. 1
	113	+	ENGR. S. B. NO. 283 Page 3 1
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144		-	C. 1. The Regents, with the approval of the Director of the
145		-	Office of Management and Enterpr ise Services, may allot money to any
146		-	constituent institution to set up and operate a petty cash fund at
147	138		said such institution. Such petty cash fund shall be reimbursed
148	139		upon the filing of claims showing the purposes for which the funds
149	140		were expended.
150	141		2. The Division of Central Accounting and Reporting shall make
151	142		cash allocations of revenue in accordance with Section 23 of Article
152	143		X of the Oklahoma Constitution, to each of the constituent
153	144		institutions. These cash allocations shall be based on the
154	145		allocations made by the Regents to each institution from the lump
155	146		sum legislative appropriations and such allocation shall be the
156	147		total appropriation for each institution, in lieu of legislative
157	148		appropriations.
158	149		3. After these funds have been allocated and allotted as
159	150		provided in this section, all institutional income shall operate as
160	151		a continuing nonfiscal appropriation which may be spent for any
161	152		educational and general purposes for which appropriated funds may be
162	153		spent. “Institutional income ” for such purposes sh all mean all
163	154		income available for educational and general purposes, as defined in
164	155		the uniform budget and accounting classifications recommended by the
165	156		National Committee on Standard Reports, and including income defined
166	157		by law as revolving fund income. Ex penditures shall be limited to
167	158		the extent that obligations as they are incurred may not exceed the
	159	+	unencumbered balance of cash on hand in accordance with Section 23
	160	+	of Article X of the Oklahoma Constitution.
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169		-	SB283 HFLR Page 4
170		-	BOLD FACE denotes Committee Amendments. 1
	162	+	ENGR. S. B. NO. 283 Page 4 1
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195		-	unencumbered balance of cash on hand in accordance w ith Section 23
196		-	of Article X of the Oklahoma Constitution.
197	187		D. 1. At least thirty ( 30) days prior to the beginning of each
198	188		fiscal year, each of the constituent institutions shall file with
199	189		the Regents its request for appropriation allotments for each of the
200	190		purposes for which expenditures are to be made.
201	191		2. Such requests shall be broken down to conform to th e uniform
202	192		budget or accounting classifications recommended by the National
203	193		Committee on Standard Reports.
204	194		3. Each institution ’s request for appropriation allotments
205	195		shall show the amount required to finance each item of the request
206	196		for the entire year and for each quarter or each six-months six-
207	197		month period within the fiscal year, as required by the Director of
208	198		the Office of Management and Enterprise Services.
209	199		E. The Regents, or the official or employee who has been
210	200		authorized to approve itemized allotmen t requests, shall consider
211	201		the allotment requests for the purpose of making a determination
212	202		whether:
213	203		1. The current financial requirements of the institution
214	204		concerned justify the allotment to be made;
215	205		2. The accounting classificati on is sufficient to re flect the
216	206		purpose for which expenditures are to be made and that such
217	207		classification is in accordance with the budget classifications
218	208		adopted by the Director of the Office of Management and Enterprise
	209	+	Services and the Regents, which shall conform as nearly as possible
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220		-	SB283 HFLR Page 5
221		-	BOLD FACE denotes Committee Amendments. 1
	211	+	ENGR. S. B. NO. 283 Page 5 1
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246		-	Services and the Regents, which shall conform as nearly as possible
247	236		to the account classification recommended by the National Committee
248	237		on Standard Reports for Institutions of Higher Education; and
249	238		3. The realization of estimated revenues determined by the
250	239		Director of the Office of Manag ement and Enterprise S ervices is
251	240		sufficient to allow the commitments to be made.
252	241		F. 1. In allotting appropriations and other funds, and
253	242		approving subsequent allotments which may be required by each
254	243		institution, the Regents shall follow the same general procedure set
255	244		forth in the Oklahoma State Finance Act for other agencies of the
256	245		state not under the control of said the Regents, except as otherwise
257	246		provided in this section.
258	247		2. All forms and account classifications shall be mutually
259	248		agreed upon by the Dir ector of the Office of Management and
260	249		Enterprise Services and the State Regents.
261	250		3. The Regents shall file approved requests of constituent
262	251		institutions with the Division of Central Accounting and Reporting
263	252		and such requests shall be entered on the records of the Office of
264	253		Management and Enterprise Services in the same manner as is provided
265	254		in the Oklahoma State Finance Act for other agencies of the state.
266	255		4. The State Regents and the Director of the Office of
267	256		Management and Enterprise Services shall appr ove any request from
268	257		the administrative head of a constituent institution for amendment
269	258		of the approved schedule of positions and salaries, or transfers
	259	+	between items, so long as the currently approved allotment for such
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271		-	SB283 HFLR Page 6
272		-	BOLD FACE denotes Committee Amendments. 1
	261	+	ENGR. S. B. NO. 283 Page 6 1
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297		-	between items, so lo ng as the currently approved allotment for such
298	286		purposes is not exceeded. Each such amendment shall be f iled with
299	287		the Office of Management and Enterprise Services, in such detail as
300	288		may be required, prior to the date on which the first payroll or
301	289		other disbursement affected by such amendment or transfer is
302	290		submitted for payment.
303	291		G. 1. In the event that the realization of estimated revenues
304	292		at any time during the fiscal year indicates that the total revenue
305	293		for that fiscal year to any state fund will be insufficient at the
306	294		end of the fiscal year to meet the total appropriations from that
307	295		fund, the Director o f the Office of Management and Enterprise
308	296		Services shall notify the Oklahoma State Regents for Higher
309	297		Education as to the amount of reduction necessary against the
310	298		consolidated, or lump sum appropriations, made to the Regents.
311	299		2. The Regents, in making it emized allotments during the fiscal
312	300		year, may reserve an amount sufficient to meet a reasonable failure
313	301		of revenue until receipt of notice from the Director of the Office
314	302		of Management and Enterprise Services that the realization of
315	303		estimated revenues indi cates that the total appropriation may be
316	304		allotted for expenditure. Upon receipt of notice from the Director
317	305		of the Office of Management and Enterprise Services of a necessary
318	306		reduction in the consolidated, or lump sum appropriation, to meet a
319	307		failure in revenue, the Oklahoma State Regents for Higher Education
320	308		shall immediately take action to control the approval of subsequent
	309	+	allotment requests sufficient to make the aggregate reduction in
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322		-	SB283 HFLR Page 7
323		-	BOLD FACE denotes Committee Amendments. 1
	311	+	ENGR. S. B. NO. 283 Page 7 1
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348		-	allotment requests suffici ent to make the aggregate reduction in
349	336		allotments of all constituent institutions under their control equ al
350	337		the amount of reduction ordered against the lump sum appropriation
351	338		made by the Legislature. Such reductions against the lump sum
352	339		appropriation shall not exceed the percentage reduction ordered
353	340		against other agencies of the state i n accordance with Sect ion 23,
354	341		of Article 10, X of the Oklahoma Constitution.
355	342		SECTION 2. AMENDATORY 70 O.S. 2021, Section 3206.6a, is
356	343		amended to read as follows:
357	344		Section 3206.6a. A. The Oklahoma State Regents for Higher
358	345		Education may finance acquisiti on of or improvements to, or
359	346		refinance or restructure outstanding obligations for real property
360	347		pursuant to the master lease program. The funds used by the Regents
361	348		for the purposes authorized by this section shall be available for
362	349		lease transactions havin g a term that is no more than the useful
363	350		life of any real property or improvements acquired by institutions
364	351		pursuant to the provisions of this section, and in no event, more
365	352		than thirty (30) years.
366	353		B. After May 24, 2005, any bonds issued pursuant to this
367	354		section shall be subject to the approval of the Legislature as
368	355		provided by this subsection. The Oklahoma State Regents for Higher
369	356		Education shall submit an itemized list of the proposed projects and
370	357		the terms of the financing to the Governor, the Speaker of the House
371	358		of Representatives, the President Pro Tempore of the State Senate
	359	+	and all members of the Legislature within the first seven (7)
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374		-	BOLD FACE denotes Committee Amendments. 1
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399		-	and all members of the Legislature within the first seven (7)
400	386		legislative days of an annual legislative session and prior to the
401	387		time any such obligations are sold. The submiss ion to such elected
402	388		officials shall occur upon the same date for purposes of computing
403	389		the time within which action must be taken as further prescribed by
404	390		this subsection. The Legislature shall have a period of forty -five
405	391		(45) calendar days from the date on which the information is
406	392		submitted to pass a concurrent resolution disapproving all or part
407	393		of the proposed issuance. If the Legislature does not disapprove
408	394		the proposed issuance by concurrent resolution by the end of the
409	395		forty-fifth day following the date upon which the proposed issuance
410	396		is submitted, the proposed issuance shall be deemed to have been
411	397		approved by the Legislature.
412	398		C. The amount of transactions financed in a calendar year
413	399		through the real property master lease prog ram authorized by this
414	400		section shall not exceed the combined total of:
415	401		1. The submission described in subsection B of this section, or
416	402		portion thereof, approved by the Legislature;
417	403		2. Any issuance for additional proposed individual projects
418	404		submitted by institutions under the coordination of the Oklahoma
419	405		State Regents for Higher Education and approved by the Legislature;
420	406		and
	407	+	3. Any projects approved by the Legislature in a prior calendar
	408	+	year for which no financing action was taken in the prior calendar
	409	+	year; and
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422		-	SB283 HFLR Page 9
423		-	BOLD FACE denotes Committee Amendments. 1
	411	+	ENGR. S. B. NO. 283 Page 9 1
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448		-	3. Any projects approved by the Legislature in a prior calendar
449		-	year for which no financing action was taken in the prior calendar
450		-	year; and
451	436		4. Any projects refunded from a previous issuance .
452	437		SECTION 3. This act shall become effective November 1, 2025.
	438	+	Passed the Senate the 17th day of March, 2025.
453	439
454		-	COMMITTEE REPORT BY: COMMITTEE O N APPROPRIATIONS AND BUDGET , dated
455		-	04/17/2025 – DO PASS.
	440	+
	441	+
	442	+	Presiding Officer of the Senate
	443	+
	444	+
	445	+	Passed the House of Representatives the ____ day of __________,
	446	+	2025.
	447	+
	448	+
	449	+
	450	+	Presiding Officer of the House
	451	+	of Representatives
	452	+