SB 706
School funding; removing limitations on school district general fund carryover and penalties for exceeding limitations. Effective date. Emergency.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill changes how Oklahoma school districts handle their general funds. Currently, districts are limited on how much money they can carry over from one year to the next and face penalties for exceeding those limits. SB 706 removes these restrictions and eliminates the penalties, allowing districts more flexibility in managing their finances. The bill was passed by the Senate and is effective immediately due to an emergency clause.
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