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 choose to invest unused general‑fund money to do so in individual accounts managed by the State Treasurer. It also amends the formula used to calculate each district’s state aid, adding new reporting and liquidity requirements. The changes aim to grow district resources while ensuring aid calculations remain accurate.

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