Oklahoma HB3025 modifies school district fund expenditures, including gifts, grants, and donations.
Oklahoma HB3025 amends the definition and use of school district general fund expenditures. It allows certain gift, grant, and donation monies to be placed in the building fund or general fund, with specific conditions. The bill also restricts capital expenditures from the general fund unless certain conditions are met, such as a rejected bond issue or a school district's indebtedness limit. Additionally, it specifies that certain monies should not be included in the general fund carryover for a certain period. The changes are effective immediately upon passage.
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- Legal Framework
- Critical Issues
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