Michael A. (Mike) Crawford is Chairman of Crawford & Associates
The 2018 Legislative session has come to an end and with brings a few changes to municipal finance state laws. The summary below is prepared from the OML Sine Die Document. You can access the entire Sine Die document with links to each bill on the Oklahoma Municipal League website.
HB 1019XX – Creates a new law under Title 68 O.S. Section 1391 requiring marketplace facilitators and referrers who meet certain sales thresholds to file an election with the OTC to collect and remit sales tax imposed under Title 68.
HB 3347 - Amends Title 11 O.S. Section 17-208 by expanding the notice of a public hearing on a proposed municipal budget to include posting “on the municipality’s website” in addition to a newspaper of general circulation in the municipality not less than five (5) days before the date of the hearing. The bill also removes current law regarding the limited publication requirements for small municipalities when the total operating budget, not including debt service, does not exceed $12,000 per year. Under current law, for these small communities the proposed budget and notice may be posted at the governing body’s principal headquarters in lieu of publication in a newspaper. The bill takes effect on November 1, 2018.
SB 1042 - Amends 11 O.S. Section 17-105.1 regarding required auditor filings with the State Auditor and Inspector who may contract for the “preparation” and reporting of the information submitted on the annual municipal finance survey form. Previous law required a “compilation" rather than “preparation”. Effective November 1, 2018.