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 2nd Session of the 60th Legislature (2026)
3 HOUSE BILL 3560 By: Eaves
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6 AS INTRODUCED
7 An Act relating to public utilities; requiring all
public utilities to prepare an annual proposed
8 budget; providing minimum required content; requiring
proposed budgets to be available for public
9 inspection; requiring notice to be published prior to
adopting proposed budget; requiring statement that
10 budget is available for public inspection; directing
that any changes to proposed budget be available for
11 public inspection prior to meeting; requiring
opportunity for public comment at meeting; requiring
12 changes to adopted budget from proposed budget be
available for public inspection; directing that
13 fiscal year of public utilities coincide with the
calendar year; exempting public utilities with only
14 one wholesale customer that is a municipality;
requiring annual audit; directing State Auditor to
15 establish minimum standards; requiring written copies
of audit to be filed with State Auditor; granting the
16 State Auditor rulemaking authority; providing for
codification; and providing an effective date.
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19 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
20 SECTION 1. NEW LAW A new section of law to be codified
21 in the Oklahoma Statutes as Section 154.1 of Title 17, unless there
22 is created a duplication in numbering, reads as follows:
23 A. All public utilities shall prepare in writing each year a
24 proposed budget which shall include, at a minimum:
Req. No. 13863 Page 1
1 1. Revenue from all sources separately itemized to specify each
2 source with expenditures from the prior two (2) years;
3 2. Estimates of the current year's revenue from all sources
4 separately itemized to specify each source with expenditures; and
5 3. A summary which outlines the fiscal policy of the public
6 utility for the period covered by the budget.
7 B. Proposed budgets shall be available for inspection by the
8 general public at each public utility's principal headquarters at
9 least seven (7) days prior to the meeting of the public utility's
10 governing body at which such budget is to be adopted.
11 C. Notice of the place and time of such meeting of the public
12 utility's governing body shall be published at least seven (7) days
13 prior to the date set for such meeting in a newspaper of general
14 circulation within the public utility's service area.
15 D. The notice shall include a statement that the proposed
16 budget is available for public inspection and the location where it
17 is available.
18 E. Any changes to the proposed budget made between the date the
19 proposed budget is available for public inspection and the governing
20 body's meeting shall be added to the proposed budget at the
21 principal headquarters of the public utility prior to the meeting.
22 F. At the meeting, the public shall have an opportunity to
23 testify before a proposed budget is adopted, and a written record
24 shall be kept of such meeting.
Req. No. 13863 Page 2
1 G. If the adopted budget reflects a change from what is
2 reflected in the proposed budget, a summary of such changes shall be
3 available for inspection at the principal headquarters of the public
4 utility.
5 SECTION 2. NEW LAW A new section of law to be codified
6 in the Oklahoma Statutes as Section 154.2 of Title 17, unless there
7 is created a duplication in numbering, reads as follows:
8 A. The fiscal year of a public utility shall coincide with the
9 calendar year.
10 B. Public utilities with only one wholesale customer within a
11 municipality are exempt from the requirements of subsection A of
12 this section and may use the same fiscal year as the municipality.
13 C. The governing body, at the close of each year's business,
14 shall cause an audit of the books, records, and financial affairs of
15 the public utility to be made by a certified public accountant or
16 firm of such accountants, who shall be selected by the public
17 utility.
18 D. The State Auditor shall establish, by rule and regulation,
19 minimum standards applicable to all audits required under this act.
20 E. When the audit has been completed, written copies of the
21 audit shall be placed and kept on file at the principal headquarters
22 of the public utility and shall be filed with the State Auditor's
23 Office within one hundred eighty (180) days after the last day of
24 the public utility's fiscal year.
Req. No. 13863 Page 3
1 F. The State Auditor shall have rulemaking authority to carry
2 out this act.
3 SECTION 3. This act shall become effective November 1, 2026.
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5 60-2-13863 MJ 09/05/25
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Req. No. 13863 Page 4Every fact on this page links to its source, starting with the official bill record.