Bill No. 1020 amends existing laws regarding the procedures for state agency transactions, specifically focusing on the Office of the State Treasurer and the Office of Management and Enterprise Services. The bill allows the Office of the State Treasurer to purchase, acquire, lease, and manage properties without being subject to the provisions of Section 327 of Title 61 of the Oklahoma Statutes. Additionally, it exempts the Office of the State Treasurer from certain requirements related to the purchase of a state depository facility. The bill also makes conforming amendments to the responsibilities of the Office of Management and Enterprise Services, clarifying its authority over state property management and transactions.

The legislation includes provisions for the disposal of real property by state agencies, requiring them to request the Office of Management and Enterprise Services for property disposal and to follow specific procedures for appraisals and sales. It establishes guidelines for property transactions, including the need for public notice and the requirement that properties not be sold for less than ninety percent of their appraised value. The bill is set to take effect on July 1, 2025, and declares an emergency for its immediate implementation upon passage and approval.

Statutes affected:
Introduced: 61-327
Floor (Senate): 61-327
Engrossed: 61-327