Contracts; creating the Oklahoma Homeowner Repair Contract Protection Act. Effective date.

Summary

The bill establishes the Oklahoma School Districts Carryover Investment Fund, allowing districts that opt in to invest unused general‑fund balances and earn returns managed by the State Treasurer. It also amends the formula used to calculate state aid, adds reporting and audit requirements, and sets penalties for districts that repeatedly carry excess balances. The changes are intended to improve the efficiency of school financing and increase accountability.

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