Okla. Stat. tit. 70 § 5-151

Current through Laws 2024, c. 453.

Section 5-151 - Purpose

The purpose of the School District Budget Act is to provide an alternate budget procedure for school districts which will:

1. Establish standard and sound fiscal procedures for the adoption and administration of budgets;

2. Make available to the public and investors sufficient information as to the financial conditions, requirements and expectations of the school district; and

3. Assist school districts to improve and implement generally accepted standards of financial management as promulgated by the Governmental Accounting Standards Board (GASB).

Okla. Stat. tit. 70, § 5-151

Added by Laws 1996, c. 178, § 3, eff. 7/1/1996.