HB 3025 — Schools; general fund expenditures; gift, grant, and donation monies; general fund carryover; effective date.

HOUSEENGROSSED OF REPRESENTATIVES - FLOOR VERSION STATE OF OKLAHOMA 2nd Session of the 60th Legislature (2026) COMMITTEE SUBSTITUTE FOR HOUSE BILL NO.

Lowe of the House and Pugh of the Senate 95 COMMITTEE7 SUBSTITUTE An Act relating to schools;

The general fund of any school district is hereby defined as a current expense fund and shall consist of all revenue or monies that can legally be expended within a certain specified fiscal year, but shall not be considered as including any HB3025money HFLRderived Pagefrom 1a BOLDspecial FACEbuilding denotesfund Committeelevy Amendments.made in accordance with the provisions of Section 10 of Article X of the Oklahoma Constitution, nor shall it include any monies derived from the sale of bonds issued under the provisions of Section 26 of Article X of ENGR.

moneyH. derived from a special building fund levy made in accordance with the provisions of Section 10 of Article X of the Oklahoma Constitution, nor shall it include any monies derived from the sale of bonds issued under the provisions of Section 26 of Article X of the Oklahoma Constitution.

B.

NO.

3025 Page 1 the Oklahoma Constitution.

County sources shall be all funds collected by the county and distributed to common school districts but shall not include any funds derived from the building fund levy made in accordance with the provisions of Section 10 of Article X of the Oklahoma Constitution or funds derived from the sinking fund levy made in HB3025accordance HFLRwith Pagethe 2provisions BOLDof FACESection denotes26 Committeeof Amendments.Article X of the Oklahoma Constitution.

accordance with the provisions of Section 26 of Article X of the Oklahoma Constitution.

Capital expenditures shall include,ENGR. but shall not be limited to, purchases of land or existing buildings, purchases of real property, improvements of grounds and sites for construction purposes, all expenditures for construction of buildings unless authorized by the State Board of Education or the State Board of Career and Technology Education upon application to the appropriate state board pursuant to subsection F of this section, additions to buildings, remodeling of buildings if such remodeling involves changes to roof structures or load-bearing walls, professional services, salaries and expenses of architects and engineers hired or assigned to capital projects except for such services, salaries, and expenses as are applicable in preparation for a bond issue, expenditures for the initial installation and extension of service systems and built-in heat or air equipment to existing buildings, expenditures for the replacement of a building which has been destroyed, installments and lease payments on property including interest that have a terminal date and result in the acquisition of property, and expenditures for preliminary studies made prior to the time that authority to proceed with a HB3025 HFLR Page 3 BOLD FACE denotes Committee Amendments.

constructionH. project is given if authority is received within the same fiscal year that the expenditure was made.

B.

NO.

3025 Page 2 include, but shall not be limited to, purchases of land or existing buildings, purchases of real property, improvements of grounds and sites for construction purposes, all expenditures for construction of buildings unless authorized by the State Board of Education or the State Board of Career and Technology Education upon application to the appropriate state board pursuant to subsection F of this section, additions to buildings, remodeling of buildings if such remodeling involves changes to roof structures or load-bearing walls, professional services, salaries and expenses of architects and engineers hired or assigned to capital projects except for such services, salaries, and expenses as are applicable in preparation for a bond issue, expenditures for the initial installation and extension of service systems and built-in heat or air equipment to existing buildings, expenditures for the replacement of a building which has been destroyed, installments and lease payments on property including interest that have a terminal date and result in the acquisition of property, and expenditures for preliminary studies made prior to the time that authority to proceed with a construction project is given if authority is received within the same fiscal year that the expenditure was made.

Noncapital expenditures shall include, but shall not be limited to, expenditures for maintenance, repair, and replacement of property and equipment, initial or additional purchases of furniture and equipment, direct expenses for maintenance of plant including grounds,ENGR. salaries for maintenance of plant including salaries for the upkeep of grounds, and repair and replacement of building structures which do not add to existing facilities and which do not involve changes in roof structures or load-bearing walls and which are not classified as a capital expenditure by this section.

H.

B.

NO.

3025 Page 3 grounds, salaries for maintenance of plant including salaries for the upkeep of grounds, and repair and replacement of building structures which do not add to existing facilities and which do not involve changes in roof structures or load-bearing walls and which are not classified as a capital expenditure by this section.

A school district shall be authorized to make capital expenditures from the general fund to defray the cost of rebuilding a school building only if a school building or facility has been destroyed by a fire or natural disaster, such as flood, tornado, or other act of God, or by an act of a public enemy of the United States or this state and monies received by the district through insurance coverage, federal reimbursement, contributions, and allocation from the State Board of Education from the State Public Common School Building Equalization Fund are insufficient to rebuild HB3025the HFLRfacility. Page 4 BOLD FACE denotes Committee Amendments.

the facility.

G.ENGR.

H.

B.

NO.

3025 Page 4 G.

HB3025 HFLR Page 5 BOLD FACE denotes Committee Amendments.

J.ENGR.

H.

B.

NO.

3025 Page 5 J.

The school district has voted indebtedness at any time within the preceding three (3) school years through the issuance of bonds or through approval by voters of issuance of new bonds for more than eighty-five percent (85%) of the maximum allowable pursuant to the provisions of Section 26 of Article X of the Oklahoma Constitution as shown on the school district budget filed with the State Board of Equalization for the current school year and certifications by the Attorney General prior to April 1 of the HB3025current HFLRschool Pageyear. 6 BOLD FACE denotes Committee Amendments.

current school year.

L.ENGR.

H.

B.

NO.

3025 Page 6 L.

Such fund may not be HB3025used HFLRfor Pagecapital 7expenditures BOLDfor FACEmore denotesthan Committeefive Amendments.(5) consecutive years and may only be utilized for remodeling or construction of classroom facilities and such ancillary facilities to such classrooms as may be necessary.