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§ 34.42.1. Annual disclosure of all federal funds under control of the entity

Oklahoma Statutes AnnotatedTitle 62. Public FinanceEffective: November 1, 2019

Oklahoma Statutes Annotated
Title 62. Public Finance (Refs & Annos)
Chapter 1. State Fiscal Affairs
Oklahoma State Finance Act
Effective: November 1, 2019
62 Okl.St.Ann. § 34.42.1
§ 34.42.1. Annual disclosure of all federal funds under control of the entity
Currentness
A. Except as provided in subsection C of this section, all agencies shall make an annual disclosure pursuant to a separate written report and information available through a website maintained by or on behalf of the entity of all federal funds under the control of the entity and the programs for which the federal funds are used by distinct expenditure categories and shall identify the priority or rank of the federal funds in descending order with the funding source the agency relies on to the greatest extent listed first and the funding source the agency relies on to the least extent listed last. The information required by this subsection shall include, but shall not be limited to:
1. A description of any action required to be taken by the state government entity as a condition for the receipt or continued receipt of federal funds;
2. A description of any action prohibited to be taken by the state government entity as a condition for the receipt or continued receipt of federal funds;
3. A description of any action required to be taken by any individual or lawfully recognized business entity or other entity as a condition for the benefits purported to be conferred on the individual or other legal entity as a result of the use of the federal funds; and
4. A description of any action prohibited to be taken by any individual or lawfully recognized business entity or other entity as a condition for the benefits purported to be conferred on the individual or other legal entity as a result of the use of the federal funds.
B. Every entity subject to the requirements of this section shall make an annual disclosure, either pursuant to a separate written report, information available through a website maintained by or on behalf of the entity or both, of the federal funds for which the agency must incur costs to implement and shall provide such information in descending order with the most costly federal funds listed first and the least costly federal funds listed last.
C. Any agency receiving and administering federal funds that require the receiving agency to maintain any level of security clearance in order to administer those funds shall be exempt from the provisions of this section.

Credits

Laws 2019, c. 210, § 1, eff. Nov. 1, 2019.
62 Okl. St. Ann. § 34.42.1, OK ST T. 62 § 34.42.1
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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