HB3560

Oklahoma HB3560 mandates public utilities to prepare annual proposed budgets, requires public inspection, and mandates annual audits.

Oklahoma HB3560 establishes requirements for public utilities to prepare annual proposed budgets, including minimum content. These budgets must be available for public inspection at least seven days before the governing body meeting. Public utilities must publish notice of the meeting, including the availability of the proposed budget. Utilities with only one wholesale customer that is a municipality are exempt from these requirements. The fiscal year of public utilities must align with the calendar year.