Oklahoma SB706 removes limitations on school district general fund carryover and penalties for exceeding those limits.
Oklahoma SB706 amends school funding regulations by removing limitations on school district general fund carryover and penalties for exceeding those limits. The bill updates statutory language and repeals previous provisions related to State Aid. It also modifies the calculation of per pupil revenue and removes certain limitations on school district general fund carryover. The changes are effective July 1, 2025, and the bill declares an emergency, allowing for immediate implementation.
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