Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
2 1st Session of the 60th Legislature (2025)
3 HOUSE BILL 2177 By: Pfeiffer
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6 AS INTRODUCED
7 An Act relating to public finance; amending 62 O.S.
2021, Section 34.2, which relates to revenue
8 information; modifying provisions related to
information provided by certain state government
9 entities; modifying provisions related to information
provided to the State Board of Equalization;
10 providing an effective date; and declaring an
emergency.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
14 SECTION 1. AMENDATORY 62 O.S. 2021, Section 34.2, is
15 amended to read as follows:
16 Section 34.2. A. Agencies responsible for the collection of
17 monies deposited to the credit of the General Revenue Fund and each
18 of the Special Revenue Funds shall be subject to the provisions of
19 this act. Upon request of the Director of the Office of Management
20 and Enterprise Services, these agencies shall provide the Director
21 of the Office of Management and Enterprise Services an itemized
22 estimate of funds expected to accrue to the General Revenue Fund and
23 each of the Special Revenue Funds for the ensuing fiscal year in the
24 manner and form established by the Director, in accordance with the
Req. No. 11054 Page 1
1 duties assigned to the State Board of Equalization in Section 23 of
2 Article X of the Oklahoma Constitution. Each of these agencies
3 shall also provide to the Director, as requested, a written
4 explanation of the methodology and relevant assumptions used in
5 developing the current and future revenue estimates submitted, a
6 statement of:
7 1. The prior year's actual revenue collections;
8 2. A projection of the current year's revenue collections; and
9 3. Estimated revenue collections for the ensuing fiscal year
10 and the following two (2) fiscal years. No expenditure shall be
11 made from any General Revenue Fund or Special Revenue Fund until
12 such fund has been assigned to an agency by law or by the Director
13 of the Office of Management and Enterprise Services.
14 B. In addition to providing the information listed above, the
15 Oklahoma Tax Commission shall also provide to the Director of the
16 Office of Management and Enterprise Services a comprehensive
17 economic report no later than two (2) weeks prior to each of the
18 meetings of the State Board of Equalization pursuant to paragraphs 1
19 and 3 of Section 23 of Article X of the Constitution of the State of
20 Oklahoma. Each report shall include a summary of recent national
21 and state economic performance and a forecast of national and state
22 economic performance for the current fiscal year, and the ensuing
23 fiscal year and the following two (2) fiscal years. These reports
24 shall be considered a basis upon which the itemized revenue
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1 estimates of the Commission are developed. The report shall include
2 an analysis of the relative accuracy of the economic forecasts on
3 which the previous and current fiscal years' revenue estimates were
4 based.
5 C. The Tax Commission shall also provide all estimates,
6 explanations, statements, projections, reports and other documents
7 required by this section to the President Pro Tempore of the Senate,
8 members of the Senate Appropriations and Finance Committees, the
9 Speaker of the House of Representatives and members of the House
10 Appropriations and Budget Committee at the same time that such
11 documents are provided to the Director of the Office of Management
12 and Enterprise Services.
13 SECTION 2. This act shall become effective July 1, 2025.
14 SECTION 3. It being immediately necessary for the preservation
15 of the public peace, health or safety, an emergency is hereby
16 declared to exist, by reason whereof this act shall take effect and
17 be in full force from and after its passage and approval.
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19 60-1-11054 MAH 01/04/25
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Req. No. 11054 Page 3Every fact on this page links to its source, starting with the official bill record.