ENROLLED HOUSE
BILL NO. 4452 By: Wallace and Martinez of the House
and
Thompson
and Hall of the Senate
An Act relating to public finance; amending 62 O.S. 2021,
Section 34.93, which relates to the Teachers' Retirement System Dedicated
Revenue Revolving Fund; limiting transfers to amounts authorized by
Legislature; providing an effective date; and declaring an emergency.
SUBJECT: Public finance
BE IT
ENACTED BY THE PEOPLE OF THE STATE OF
SECTION 1.
AMENDATORY 62 O.S. 2021,
Section 34.93, is amended to read as follows:
Section 34.93 A. The Office of Management and Enterprise
Services shall separately account for revenues which are deposited to the
credit of the Teachers' Retirement System Dedicated Revenue Revolving Fund of
the State Treasury pursuant to the provisions of Sections 1353, 1403 and 2352
of Title 68 of the Oklahoma Statutes on a fiscal year basis and shall provide
an accounting to the Governor, President Pro Tempore of the Senate, and the
Speaker of the Ho
B. Funds separately
accounted for herein shall be
C. There is hereby
created in the State Treasury a revolving fund for the benefit of the Oklahoma
Teachers' Retirement System to be designated the "Teachers' Retirement
System Dedicated Revenue Revolving Fund" which fund shall be administered
by the State Department of Education.
The fund shall consist of any monies as apportioned to the fund by
Sections 1353, 1403 and 2352 of Title 68 of the Oklahoma Statutes. The fund herein created may be expended for
the purpose set forth in subsection B of this section and in the same manner as
appropriated funds.
SECTION 2.
This act shall become effective July 1, 2022.
SECTION 3.
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 7th day of March, 2022.
Presiding
Officer of the House
of
Representatives
Passed the Senate the 9th day of March,
2022.
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:
_________________________________