ENROLLED HOUSE
BILL NO. 2901 By: Wallace, Martinez, Baker, McBride, and Luttrell of the House
and
Thompson
(Roger), Hall, and Pugh of the Senate
An Act relating to education; making appropriations;
establishing amounts and sourcing; providing purposes; requiring certain
distribution methodology for certain funds; declaring legislative intent;
providing for proportional reduction of certain tax credits under certain
conditions; providing for noncodification; providing for codification;
providing an effective date; and declaring an emergency.
SUBJECT: Education
BE IT
ENACTED BY THE PEOPLE OF THE STATE OF
SECTION 1.
NEW LAW A new section of law
not to be codified in the Oklahoma Statutes reads as follows:
There is hereby appropriated to the State Board of Education
from any monies not otherwise appropriated from the General Revenue Fund of the
State Treasury for the fiscal year ending June 30, 2024, the sum of Five
Hundred Million Dollars ($500,000,000.00) for the financial support of public
schools.
SECTION 2.
NEW LAW A new section of law
not to be codified in the Oklahoma Statutes reads as follows:
There is hereby appropriated to the State Board of Education for
deposit in the State Public Common School Building Equalization Fund created in
Section 32 of Article X of the Oklahoma Constitution, from any monies not
otherwise appropriated from the General Revenue Fund of the State Treasury for
the fiscal year ending June 30, 2024, One Hundred Twenty-five Million Dollars
($125,000,000.00) to be distributed as redbud school grants as provided in
Section 3-104 of Title 70 of the Oklahoma Statutes.
SECTION 3.
NEW LAW A new section of law
to be codified in the Oklahoma Statutes as Section 28-100A of Title 70, unless
there is created a duplication in numbering, reads as follows:
A. It is the intent of
the Legislature that appropriations made in House Bill No. 2901 of the 1st
Session of the 59th Oklahoma Legislature in conjunction with other funds
appropriated to the State Board of Education during the 1st Session of the 59th
Oklahoma Legislature establish a new baseline appropriation level for public
schools in this state, and that maintaining such baseline levels in future
years should be a requirement prior to resources being made available for
programs such as the Oklahoma Parental Choice Tax Credit Act, created pursuant
to House Bill No. 1934 of the 1st Session of the 59th Oklahoma
Legislature. For this reason, subsection
B of this section is necessary.
B. Beginning July 1, 2024,
and at the beginning of each succeeding state fiscal year, if the amount of
money appropriated to the State Board of Education:
1. For the financial
support of public schools and support of public schools activities in such
fiscal year; and
2. To be distributed
through redbud school grants provided for in Section 3-104 of Title 70 of the
Oklahoma Statutes,
is less
than such amounts appropriated for the fiscal year ending June 30, 2024, the
tax credits otherwise authorized in the Oklahoma Parental Choice Tax Credit Act
shall be reduced proportionally to reflect the proportion such appropriations
fail to reach the baseline amounts appropriated for the fiscal year ending June
30, 2024.
SECTION 4.
This act shall become effective July 1, 2023.
SECTION 5.
It being immediately necessary for the preservation of the public peace,
health or safety, an emergency is hereby declared to exist, by reason whereof
this act shall take effect and be in full force from and after its passage and
approval.
Passed the
House of Representatives the 17th day of May, 2023.
Presiding
Officer of the House
of
Representatives
Passed the Senate the 19th day of
May, 2023.
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:
_________________________________