ENGROSSED HOUSE
BILL NO. 2057	By:	Inman and Shelton of the House

				and

			Treat of the Senate 

An Act relating to public finance; imposing requirement on certain vendors with respect to debit cards; requiring disclosure of cardholder fees; requiring information to be submitted on contract anniversary date; providing for termination of contract; requiring state government entity to make website disclosure; requiring information to be available upon request; providing for codification; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 34.74.1 of Title 62, unless there is created a duplication in numbering, reads as follows:
A.  Any person, firm, general or limited partnership, corporation, limited liability company or other lawfully recognized business entity that enters into a contract with any agency, board, commission, department, authority or other entity within the executive branch of state government to provide debit cards pursuant to which a person is able to utilize money provided by that state governmental entity shall be required to make an annual disclosure to the state governmental entity the amount of cardholder fees paid to the vendor.
B.  The information required by subsection A of this section shall be submitted on the anniversary date of the applicable contract.  Failure to make the required submission shall require the awarding state governmental entity to terminate the contract.
C.  The state governmental entity shall make the information required by subsection A of this section available through a website and also by request of any person.
SECTION 2.  This act shall become effective November 1, 2013.
Passed the House of Representatives the 14th day of March, 2013.

	
	Presiding Officer of the House
	of Representatives

Passed the Senate the ___ day of __________, 2013.

	
	Presiding Officer of the Senate