Oklahoma SB1404 authorizes the withdrawal of funds from the Revenue Stabilization Fund during a federal government shutdown exceeding fifteen days.
Oklahoma SB1404 allows the Director of the Office of Management and Enterprise Services to withdraw funds from the Revenue Stabilization Fund during a federal government shutdown lasting more than fifteen days. The withdrawal is limited to one-quarter of the fund's balance at the start of the fiscal year, not exceeding the amount of the declared revenue failure. The withdrawn funds can be used to avoid reductions to state agencies and mitigate cuts to common school districts.
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