Oklahoma legislation · 2026 Regular Session
Oklahoma SB706: School funding; removing limitations on school district general fund carryover and penalties for exceeding limitations. Effective date. Emergency.
Status: In committee, April 13, 2026
What the bill says
An Act relating to school funding; amending 70 O.S. 2021, Section 1-117, which relates to school district general funds; updating statutory reference; removing language exempting certain funds from calculation of general fund carryover; amending 70 O.S. 2021, Section 18-200.1, as amended by Section 1, Chapter 280, O.S.L. 2023 (70 O.S. Supp. 2024, Section 18200.1), which relates to State Aid; modifying certain calculation of per pupil revenue; removing limitations on school district general fund carryover, method for calculating carryover amount, and penalties for exceeding limitations…
From the engrossed text, March 13, 2025:
An Act relating to school funding; amending 70 O.S. 2021, Section 1-117, which relates to school district general funds; updating statutory reference; removing language exempting certain funds from calculation of general fund carryover; amending 70 O.S. 2021, Section 18-200.1, as amended by Section 1, Chapter 280, O.S.L. 2023 (70 O.S. Supp. 2024, Section 18200.1), which relates to State Aid; modifying certain calculation of per pupil revenue; removing limitations on school district general fund carryover, method for calculating carryover amount, and penalties for exceeding limitations; updating statutory language; repealing 70 O.S. 2021, Section 18-200.1, as amended by Section 1, Chapter 488, O.S.L. 2021, which relates to State Aid; providing an effective date; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 70 O.S. 2021, Section 1-117, is amended to read as follows: Section 1-117. A. The general fund of any school district is hereby defined as a current expense fund and shall consist of all revenue or monies that can legally be expended within a certain specified fiscal year, but shall not be considered as including any money derived from a special building fund levy made in accordance with the provisions of Section 10 of Article X of the Oklahoma ENGR. S. B. NO. 706 Page Cons titution, nor shall it include …