STATE OF OKLAHOMA

2nd Session of the 53rd Legislature (2012)

HOUSE BILL 2186	By:	Brown

AS INTRODUCED

An Act relating to education financing; requiring State Board of Education to make certain determination by specified date; requiring State Board of Equalization to subtract specified amount from amount certified as available for appropriation; requiring Director of the Office of State Finance to deposit certain funds into Oklahoma National Board Certification Revolving Fund according to specified schedule; providing for codification; and declaring an emergency.

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 34.97 of Title 62, unless there is created a duplication in numbering, reads as follows:
In order to ensure that the Education Leadership Oklahoma program created in the Education Leadership Oklahoma Act will be fully funded and all eligible and qualifying teachers possessing National Board certification receive an annual bonus, the following procedures shall be observed:
1.  Not later than November 1, 2012, and November 1 of each subsequent year, the State Board of Education shall estimate the amount of revenue they deem necessary to fund annual teacher bonuses allowed pursuant to the Education Leadership Oklahoma Act, for the fiscal year which begins the following July 1 and provide such estimate to the State Board of Equalization;
2.  At its meeting in December 2012, and December of each subsequent year, held pursuant to the provisions of paragraph 1 of Section 23 of Article X of the Oklahoma Constitution, the State Board of Equalization shall determine the total amount of revenue necessary to fund annual teacher bonuses allowed pursuant to the Education Leadership Oklahoma Act for the fiscal year which begins the following July 1 and subtract that amount from the amount it certifies as available for appropriation from the General Revenue Fund by the Legislature for that fiscal year; and
3.  Notwithstanding any other provisions of law directing the apportionment of revenues, beginning with the fiscal year ending June 30, 2014, and for each subsequent fiscal year, the Director of the Office of State Finance shall transfer on a periodic basis as needed the amount of revenue subtracted pursuant to the provisions of paragraph 2 of this section to be deposited to the Oklahoma National Board Certification Revolving Fund created in Section 6-204.4 of Title 70 of the Oklahoma Statutes, in lieu of being deposited to the General Revenue Fund.
SECTION 2.  This act shall become effective September 1, 2012.

53-2-7818	KB	07/05/11