Okla. Stat. tit. 70, § 70-18-109.1

The Legislature hereby declares, for the purpose of financial

support to school districts through the State Aid Formula, that

greater equalization of State Aid to school districts will be

attained by the following procedure:

1. For the 1989-90 school year, the real property portion of

the valuations for those school districts in counties having an

assessment ratio in excess of twelve percent (12%) shall be computed

at a twelve percent (12%) assessment ratio to determine chargeable

valuations. Beginning with the 1990-91 school year, the real

property portion of the valuations for those school districts in

counties having an assessment ratio in excess of eleven percent

(11%) shall be computed at an eleven percent (11%) assessment ratio

to determine chargeable valuations. Beginning with the 1991-92

school year, the commercial personal and agricultural personal

property portion of the valuations for those school districts in

counties having an assessment ratio in excess of eleven percent

(11%) shall be computed at an eleven percent (11%) assessment ratio

to determine chargeable valuations. The Oklahoma Tax Commission

shall supply to the State Department of Education the information

necessary to carry out the provisions of this paragraph.

2. The real property portions of the valuations for those

school districts in counties having an actual assessment ratio of

less than twelve percent (12%) shall be computed at the actual

assessment ratio in effect for the county as determined by the

Oklahoma Statutes - Title 70. Schools Page 816

Oklahoma Tax Commission in order to determine chargeable valuations

for calculating State Aid to such district if such ratio is at least

nine percent (9%) and the county is certified by the Oklahoma Tax

Commission to have a verifiable revaluation program using property

identification cards for the applicable assessment year.

3. The real property portion of the valuations for those school

districts in counties which have an actual assessment ratio of less

than twelve percent (12%) and which are not certified by the

Oklahoma Tax Commission to have a verifiable revaluation program

using property identification cards shall be computed at a twelve

percent (12%) assessment ratio to determine chargeable valuations.

For each school year, the actual assessment ratio shall be the

assessment ratio recommended by the Oklahoma Tax Commission and

certified by the State Board of Equalization for the applicable

assessment year.

4. The Oklahoma Tax Commission shall certify by October 1, for

each applicable assessment year, to the State Superintendent of

Public Instruction those counties which have revaluation programs

using property identification cards. The Oklahoma Tax Commission

shall, as soon as practicable, certify to the State Superintendent

of Public Instruction and the district attorney for the applicable

county the date as of which a county implements a verifiable

revaluation program using property identification cards after

October 1 of any year.

5. Any county assessor who fails to have an approved

revaluation program using property identification cards shall pay a

penalty in the amount of One Hundred Dollars ($100.00) for each

calendar day beyond October 1 of any year that the county does not

have a verifiable revaluation program using property identification

cards. The penalty shall be imposed for each calendar day on and

after October 2 of each year until the county implements a

verifiable revaluation program using property identification cards;

provided, that such penalty shall be collected from any county

assessor of a county which did not have a verifiable revaluation

program using property identification cards as of October 1, 1985,

for each day from and after July 1, 1986, that the applicable county

does not have a verifiable revaluation program using property

identification cards.
n program using property identification cards;

provided, that such penalty shall be collected from any county

assessor of a county which did not have a verifiable revaluation

program using property identification cards as of October 1, 1985,

for each day from and after July 1, 1986, that the applicable county

does not have a verifiable revaluation program using property

identification cards.

6. Upon receipt of certification by the Oklahoma Tax Commission

of the counties having approved revaluation programs, the State

Superintendent of Public Instruction shall cause notice to be mailed

by return receipt mail to the county assessor, the district

attorney, the county treasurer and the superintendent of each school

district of any county not included in the certification.

7. The district attorney, upon receipt of the notice provided

for in paragraph 6 of this section, shall immediately institute an

action to collect the One Hundred Dollar ($100.00) penalty for each

Oklahoma Statutes - Title 70. Schools Page 817

day that the county does not have a verifiable revaluation program

using property identification cards. The district attorney shall be

authorized to institute a single action in district court pursuant

to which any amount of penalty may be collected for any day the

assessor fails to implement the revaluation program using property

identification cards. Any amount of such fine collected shall be

deposited in a special account within the county general fund. Such

amounts shall be apportioned to the school districts of the county

on the basis of the preceding year's average daily attendance.

8. The district attorney shall initiate action for removal of

the county assessor from office for malfeasance if the county

assessor has not instituted a verifiable revaluation program using

property identification cards within thirty (30) days after the

district attorney receives notice from the State Superintendent of

Public Instruction. Initiation of an action for the removal of the

county assessor for malfeasance as required by this section is a

mandatory duty of the office of the district attorney. If the

district attorney fails to initiate an action within forty (40) days

after receipt of the notice from the State Superintendent of Public

Instruction, and the county assessor has not implemented a

verifiable revaluation program using property identification cards,

the district attorney shall pay a penalty of One Hundred Dollars

($100.00) for each day that an action could have been filed for the

removal of the county assessor and such action has not been filed or

until the county assessor implements the revaluation program using

property identification cards. The Attorney General shall initiate

an action to collect the penalty from the district attorney pursuant

to the authority of Section 18b of Title 74 of the Oklahoma

Statutes. All penalties collected pursuant to the provisions of

this paragraph shall be deposited in the special account within the

county general fund and apportioned to the school districts of the

county on the basis of the preceding year's average daily

attendance.

9. The notice to the superintendents of the various school

districts from the State Superintendent of Public Instruction shall

state that the State Aid formula funds computed for such districts

based upon the actual assessment ratio valuations in excess of the

amount computed upon twelve percent (12%) assessment ratio

valuations shall be withheld from distribution to the school

district until the office of the county assessor has complied with

the requirement of a verifiable revaluation program using property

identification cards.