Okla. Stat. tit. 62, § 62-3112
This is the official text of Okla. Stat. tit. 62, § 62-3112, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Retirement bills having a fiscal impact - Concurrent
Official statutory text
funding determination by State Board of Equalization - Procedure.
A. Following the close of each regular legislative session
during which retirement bills having a fiscal impact may be enacted,
the State Board of Equalization shall make a determination for each
such bill enacted during such session, which is not vetoed by the
Governor, of whether or not provision has been made for the
concurrent funding of the bill in conformity with the applicable
requirements of Section 311 of this title.
B. The Legislative Actuary, the Director of the Office of
Management and Enterprise Services, legislative staff, retirement
system administrators, and employers shall provide such information
and assistance as may be necessary for the State Board of
Equalization to make the determinations required by subsection A of
this section.
C. The State Board of Equalization shall make the
determinations required by subsection A of this section by not later
than the fifteenth day immediately following the last day on which
the Governor is authorized to veto bills following the close of each
regular legislative session. The State Board of Equalization's
findings shall be made in a report to the Secretary of State showing
the determination for each retirement bill by reference to the
respective Senate or House of Representatives number for the bill.
The report shall be submitted to the Secretary of State by not later
than the last day on which the State Board of Equalization is
required to make the determinations. The Secretary of State shall
cause the State Board of Equalization's report to be printed in the
annual session laws of the State of Oklahoma.
A. Following the close of each regular legislative session
during which retirement bills having a fiscal impact may be enacted,
the State Board of Equalization shall make a determination for each
such bill enacted during such session, which is not vetoed by the
Governor, of whether or not provision has been made for the
concurrent funding of the bill in conformity with the applicable
requirements of Section 311 of this title.
B. The Legislative Actuary, the Director of the Office of
Management and Enterprise Services, legislative staff, retirement
system administrators, and employers shall provide such information
and assistance as may be necessary for the State Board of
Equalization to make the determinations required by subsection A of
this section.
C. The State Board of Equalization shall make the
determinations required by subsection A of this section by not later
than the fifteenth day immediately following the last day on which
the Governor is authorized to veto bills following the close of each
regular legislative session. The State Board of Equalization's
findings shall be made in a report to the Secretary of State showing
the determination for each retirement bill by reference to the
respective Senate or House of Representatives number for the bill.
The report shall be submitted to the Secretary of State by not later
than the last day on which the State Board of Equalization is
required to make the determinations. The Secretary of State shall
cause the State Board of Equalization's report to be printed in the
annual session laws of the State of Oklahoma.
Status: in_force · Read it on the official government site
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