Bill Text For HB1046 - Senate Floor Version

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  |                            April 6, 2021                              |
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 3|ENGROSSED HOUSE                                                        |
  |BILL NO. 1046                        By: Kerbs of the House            |
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  |                                         Montgomery of the Senate      |
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 9|       An Act relating to schools; amending 70 O.S. 2011,              |
  |       Section 22-108, which relates to school district                |
10|       audits; requiring posting of most recent audit on               |
  |       school district website for public inspection; and              |
11|       providing an effective date.                                    |
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14|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:                  |
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15|    SECTION 1.     AMENDATORY     70 O.S. 2011, Section 22-108, is     |
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16|amended to read as follows:                                            |
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17|    Section 22-108.  A.  Each audit of the financial statements of a   |
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18|school district required by the Oklahoma Public School Audit Law       |
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19|shall be completed and the auditor's opinion thereon shall be          |
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20|submitted by the firm to the district board of education within nine   |
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21|(9) months after the close of the fiscal year of the district board    |
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22|of education.                                                          |
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23|    B.  One copy of the auditor's opinions and related financial       |
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24|statements shall be maintained by the district board of education as   |
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 1|a public record for public inspection at all reasonable times at the   |
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 2|office of the district board of education.  A copy or a hyperlink to   |
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 3|a copy of the most recent audit shall be posted on the front page of   |
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 4|the school district website for public inspection.  All records        |
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 5|shall be kept at least five (5) years.                                 |
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 6|    C.  The district board of education shall forward a copy of the    |
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 7|auditor's opinions and related financial statements to the State       |
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 8|Board of Education and the State Auditor and Inspector within thirty   |
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 9|(30) days after receipt of the audit.  The State Board of Education    |
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10|shall retain such copy in its office as a public record where it       |
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11|shall be available for public inspection at all reasonable times.      |
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12|    D.  The State Board of Education may make inquiries it deems       |
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13|necessary to determine that each district board of education is        |
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14|properly complying with the Oklahoma Public School Audit Law.  If      |
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15|within eleven (11) months after the end of the fiscal year of the      |
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16|school district a copy of the auditor's opinions and related           |
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17|financial statements has not been received by the State Board of       |
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18|Education and by the State Auditor and Inspector, an inquiry shall     |
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19|be made by the State Auditor and Inspector as to why such auditor's    |
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20|opinions and related financial statements have not been filed,         |
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21|pursuant to the provisions of Section 212A of Title 74 of the          |
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22|Oklahoma Statutes.  Should the State Auditor and Inspector find that   |
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23|the district board of education has failed to cause an annual audit    |
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24|of the financial statements and compliance requirements of the         |
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arsid4526062 SENATE FLOOR VERSION - HB1046 SFLR                    Page 2
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 1|school district to be commenced, the State Auditor and Inspector       |
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 2|shall make a written demand on the board to complete and file such     |
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 3|annual audit of the financial statements and compliance requirements   |
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 4|of the school district within thirty (30) days of the date of such     |
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 5|demand.                                                                |
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 6|    SECTION 2.  This act shall become effective November 1, 2021.      |
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 7|COMMITTEE REPORT BY: COMMITTEE ON EDUCATION                            |
  |April 6, 2021 - DO PASS                                                |
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arsid4526062 SENATE FLOOR VERSION - HB1046 SFLR                    Page 3
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