School funding; removing limitations on school district general fund carryover and penalties for exceeding limitations. Effective date. Emergency.

Summary

The bill changes Oklahoma’s school‑aid law to remove the limits on how much money a district can roll over from one fiscal year to the next and does away with fines for districts that go over those limits. It also updates the formula used to calculate each district’s state aid and keeps a small reserve for mid‑year adjustments. The changes affect all public school districts in Oklahoma and aim to give them more flexibility in budgeting.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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