Okla. Stat. tit. 62, § 62-8012

A. The Legislative Office of Fiscal Transparency (LOFT) shall:

1. Gather information regarding the proposed budgets of

executive branch agencies each fiscal year;

2. Analyze the information and evaluate the extent to which the

agency budget does or does not fulfill the agency’s primary duties

and responsibilities under applicable provisions of federal, state,

or other law;

3. Analyze and forecast all revenues available to the agency

from appropriations, fees, dedicated revenue, or any other source;

4. Compare the agency budget information to the comparable

information contained in that agency’s budget requests from prior

fiscal years;

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5. Conduct such investigations regarding the operations of the

agency as required in order to fulfill the duties imposed upon the

Office by law or as otherwise directed by the oversight committee;

and

6. Conduct rule impact analyses for major rules, as defined in

Section 250.3 of Title 75 of the Oklahoma Statutes.

The oversight committee, subject to the direction of the

President Pro Tempore of the Senate and the Speaker of the House of

Representatives, shall ensure that the functions performed by the

Office pursuant to the provisions of this subsection do not

duplicate those of the Appropriations Committee of the Senate and

the Appropriations and Budget Committee of the House of

Representatives and their respective staffs.

B. The Office shall further conduct performance evaluations and

may conduct independent comprehensive performance audits. The

oversight committee created in Section 8013 of this title may

periodically identify specific executive branch agencies, or

programs, activities, or functions within executive branch agencies,

for which the Office shall conduct a performance evaluation or

independent comprehensive performance audit.

C. As used in Section 8011 et seq. of this title, “performance

evaluation” means an examination of a program, activity, or function

of an executive branch agency, conducted in accordance with

applicable government auditing standards or auditing and evaluation

standards of other appropriate authoritative bodies. The term

includes, but is not limited to, an examination of issues related

to:

1. Economy, efficiency, or effectiveness of the agency or

program, including any revenue sources used to fund or support the

agency or program;

2. Structure or design of the agency or program to accomplish

its goals and objectives;

3. Adequacy of the agency or program to meet the needs or

policy goals identified by the Legislature;

4. Alternative methods of providing agency or program services

or products;

5. Goals, objectives, and performance measures used by the

agency to monitor and report agency or program accomplishments;

6. The accuracy or adequacy of public documents, reports, or

requests prepared by or in relation to the agency or program;

7. Compliance with appropriate policies, rules, or laws related

to the agency or program; and

8. Any other issues related to such agencies or programs as

directed by the oversight committee.

D. As used in Section 8011 et seq. of this title, “independent

comprehensive performance audit” (ICPA) includes, but is not limited

to, a review and analysis of the economy, efficiency, effectiveness,

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and compliance of the policies, management, fiscal affairs, and

operations of state agencies, divisions, programs, and accounts.

The results of an ICPA may be used by the Legislature to implement

the best budgeting and policy-making practices for government

services to run in the most cost-effective way. The Office may, at

the direction of the oversight committee and subject to the approval

of the President Pro Tempore of the Senate and the Speaker of the

House of Representatives, contract with a private company, nonprofit
results of an ICPA may be used by the Legislature to implement

the best budgeting and policy-making practices for government

services to run in the most cost-effective way. The Office may, at

the direction of the oversight committee and subject to the approval

of the President Pro Tempore of the Senate and the Speaker of the

House of Representatives, contract with a private company, nonprofit

organization, or academic institution to assist with an independent

comprehensive performance audit or for professional consulting and

administrative support services. The Office may, but shall not be

required to, contract with the Office of the State Auditor and

Inspector to conduct any ICPA. LOFT shall develop the scope of

services for a request for proposals issued, for professional

services necessary to complete each ICPA. Prior to entering into

any contract, LOFT shall obtain no fewer than three separate bids

for the auditing services, unless LOFT determines that fewer than

three entities meet the qualifications to bid to perform such

services as set forth by LOFT. The cost of the contract shall be

paid by the Legislative Service Bureau.

An independent comprehensive performance audit shall address,

but not be limited to, the following topics:

1. Policies which shall include constitutional mandates, if

any, statutory mandates, statutory authorizations, administrative

rules or policies of the affected agency reflected in internal

agency documents, or agency practices;

2. All sources of funding received by the agency, inclusive of

federal funds, state appropriations, state-dedicated revenues, fee

revenue sources, the use of agency revolving funds, or any other

fund or revenue source which is used to pay the expenses of the

agency;

3. Management of the agency which shall include, but not be

limited to, its governance, capacity, divisions, programs, accounts,

information technology systems, and policies and agency operations

which include objective analysis of the roles and functions of the

department; and

4. A schedule for implementation of agency-specific

recommendations.