STATE OF OKLAHOMA

1st Session of the 53rd Legislature (2011)

SENATE BILL 809	By:	Jolley

AS INTRODUCED

An Act relating to state buildings; stating legislative intent to require the management and profits of certain state buildings to be managed by the Teachers’ Retirement System of Oklahoma by certain date; requiring the Director of the Department of Central Services and the Executive Director of the Teachers’ Retirement System of Oklahoma to make report by certain date; stating distribution; stating requirements for report; providing for noncodification; and declaring an emergency.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law not to be codified in the Oklahoma Statutes reads as follows:
It is the intent of the Legislature that all profits from and the management of state property and structures located within the State Capitol Park as specified in subsection A of Section 1811.4 of Title 74 of the Oklahoma Statutes be transferred to the Teachers’ Retirement System of Oklahoma within three (3) years from the effective date of this act.  The Director of the Department of Central Services and the Executive Director of the Teachers’ Retirement System of Oklahoma shall jointly make a report to the Governor, the President Pro Tempore of the Senate and the Speaker of the House, outlining a plan to fulfill the requirements of this act.  The report shall include a plan outlining the details of the transfer, including any legislative recommendations necessary to fulfill the requirements of this act.  The report shall be completed no later than November 1, 2011.
SECTION 2.  It being immediately necessary for the preservation of the public peace, health and safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.

53-1-679	ARE	1/20/2011 11:16:17 AM