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SB 706 — School funding; removing limitations on school district general fund carryover and penalties for exceeding limitations. Effective date. Emergency.
Last action — Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Education Subcommittee
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill has passed the Senate. Introduced February 03, 2025. It now moves to the second chamber.
Next likely step: consideration and a floor vote in the House.
Prognosis
Where this bill stands today.
Odds of enactment
ModerateHow often bills like it became law.
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Passed Senate
Current position in the legislative process.
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2 sponsors
2 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (2 R).
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Cleared a recorded vote
Passed 3 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
What changed in the latest version
79 added · 99 removedPlain-language change summary
The amendments to SB 706 clarify the rules regarding funding for school building projects, particularly after a natural disaster. Key wording was added to outline how funds from various sources, including county collections and donations, can be utilized for replacing damaged buildings. These changes are important because they establish a clearer framework for how schools can access necessary financial resources when they face significant rebuilding challenges, ultimately helping students return to safe learning environments more quickly.
SENATEENGROSSED FLOOR VERSION February 11, 2025 3 SENATE BILL NO.
Pugh of the Senate and Lowe (Dick) of the House 5 An Act relating to school funding;
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 money derived from a special building fund levy made in accordance with the provisions of Section 10 of Article X of the Oklahoma SENATEENGR. FLOOR VERSION - SB706 SFLR Page 1 (Bold face denotes Committee Amendments) 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.
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706 Page 1 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.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 2 (Bold face denotes Committee Amendments) C.
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706 Page 2 C.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 3 (Bold face denotes Committee Amendments) D.
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706 Page 3 D.
Capital expenditures from the general fund pursuant to this subsection shall be limited to an amount necessary to defray SENATEENGR. FLOOR VERSION - SB706 SFLR Page 4 (Bold face denotes Committee Amendments) the cost of rebuilding the facility which exceeds monies received by the school district through insurance, federal reimbursement, contributions, and state allocations.
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706 Page 4 the cost of rebuilding the facility which exceeds monies received by the school district through insurance, federal reimbursement, contributions, and state allocations.
Any construction of a building included as a capital expenditure from the general fund of a school district which is authorized and has had a contractual agreement concerning such construction executed prior to July 1, 1991, may be proceeded with SENATEENGR. FLOOR VERSION - SB706 SFLR Page 5 (Bold face denotes Committee Amendments) and completed as authorized prior to July 1, 1991, as a capital expenditure from such general fund.
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706 Page 5 and completed as authorized prior to July 1, 1991, as a capital expenditure from such general fund.
The State Board of Education shall establish the rules to administer the provisions of this subsection which shall include, but not be limited to, specification of a maximum amount of general fund monies to be used for capital expenditures, SENATEENGR. FLOOR VERSION - SB706 SFLR Page 6 (Bold face denotes Committee Amendments) the purposes for which such funds may be expended, and the period of time in which such funds shall be encumbered.
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706 Page 6 the purposes for which such funds may be expended, and the period of time in which such funds shall be encumbered.
Provided, further, the SENATEENGR. FLOOR VERSION - SB706 SFLR Page 7 (Bold face denotes Committee Amendments) State Superintendent of Public Instruction shall certify in writing, prior to the expenditure of the funds for which provision is made in this subsection, that such expenditures are in compliance with the provisions of this subsection.
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706 Page 7 State Superintendent of Public Instruction shall certify in writing, prior to the expenditure of the funds for which provision is made in this subsection, that such expenditures are in compliance with the provisions of this subsection.
The State Department of Education shall complete an audit, using procedures established by the Department, of the student enrollment by grade level data, pupil SENATEENGR. FLOOR VERSION - SB706 SFLR Page 8 (Bold face denotes Committee Amendments) category counts, and transportation supplement data to be used in the State Aid Formula pursuant to subsection D of this section by December 1 and by January 15 shall notify each school district of the district’s final State Aid allocation for the current school year.
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706 Page 8 category counts, and transportation supplement data to be used in the State Aid Formula pursuant to subsection D of this section by December 1 and by January 15 shall notify each school district of the district’s final State Aid allocation for the current school year.
On and after July 1, 1997, the amount of State Aid each district shall receive shall be the sum of the Foundation Aid, the SENATEENGR. FLOOR VERSION - SB706 SFLR Page 9 (Bold face denotes Committee Amendments) Salary Incentive Aid, and the Transportation Supplement, as adjusted pursuant to the provisions of subsection G of this section and Section 18-112.2 of this title;
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706 Page 9 Salary Incentive Aid, and the Transportation Supplement, as adjusted pursuant to the provisions of subsection G of this section and Section 18-112.2 of this title;
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 10 (Bold face denotes Committee Amendments) 1.
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706 Page 10 1.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 11 (Bold face denotes Committee Amendments) (1) The the adjusted assessed valuation of the current school year of the school district, minus the previous year protested ad valorem tax revenues held as prescribed in Section 2884 of Title 68 of the Oklahoma Statutes, multiplied by the mills levied pursuant to subsection (c) of Section 9 of Article X of the Oklahoma Constitution, if applicable, as adjusted in subsection (c) of Section 8A of Article X of the Oklahoma Constitution.
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706 Page 11 (1) The the adjusted assessed valuation of the current school year of the school district, minus the previous year protested ad valorem tax revenues held as prescribed in Section 2884 of Title 68 of the Oklahoma Statutes, multiplied by the mills levied pursuant to subsection (c) of Section 9 of Article X of the Oklahoma Constitution, if applicable, as adjusted in subsection (c) of Section 8A of Article X of the Oklahoma Constitution.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 12 (Bold face denotes Committee Amendments) The items listed in divisions (3), (4), (5), and (6) of this subparagraph shall consist of the amounts actually collected from such sources during the preceding fiscal year calculated on a per capita basis on the unit provided for by law for the distribution of each such revenue.
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706 Page 12 The items listed in divisions (3), (4), (5), and (6) of this subparagraph shall consist of the amounts actually collected from such sources during the preceding fiscal year calculated on a per capita basis on the unit provided for by law for the distribution of each such revenue.
PER CAPITA PER CAPITA DENSITY FIGURE ALLOWANCE DENSITY FIGURE ALLOWANCE .3000 - .3083 $167.00 .9334 - .9599 $99.00 .3084 - .3249 $165.00 .9600 - .9866 $97.00 .3250 - .3416 $163.00 .9867 - 1.1071 $95.00 .3417 - .3583 $161.00 1.1072 - 1.3214 $92.00 .3584 - .3749 $158.00 1.3215 - 1.5357 $90.00 .3750 - .3916 $156.00 1.5358 - 1.7499 $88.00 .3917 - .4083 $154.00 1.7500 - 1.9642 $86.00 .4084 - .4249 $152.00 1.9643 - 2.1785 $84.00 SENATEENGR. FLOOR VERSION - SB706 SFLR Page 13 (Bold face denotes Committee Amendments) .4250 - .4416 $150.00 2.1786 - 2.3928 $81.00 .4417 - .4583 $147.00 2.3929 - 2.6249 $79.00 .4584 - .4749 $145.00 2.6250 - 2.8749 $77.00 .4750 - .4916 $143.00 2.8750 - 3.1249 $75.00 .4917 - .5083 $141.00 3.1250 - 3.3749 $73.00 .5084 - .5249 $139.00 3.3750 - 3.6666 $70.00 .5250 - .5416 $136.00 3.6667 - 3.9999 $68.00 .5417 - .5583 $134.00 4.0000 - 4.3333 $66.00 .5584 - .5749 $132.00 4.3334 - 4.6666 $64.00 .5750 - .5916 $130.00 4.6667 - 4.9999 $62.00 .5917 - .6133 $128.00 5.0000 - 5.5000 $59.00 .6134 - .6399 $125.00 5.5001 - 6.0000 $57.00 .6400 - .6666 $123.00 6.0001 - 6.5000 $55.00 .6667 - .6933 $121.00 6.5001 - 7.0000 $53.00 .6934 - .7199 $119.00 7.0001 - 7.3333 $51.00 .7200 - .7466 $117.00 7.3334 - 7.6667 $48.00 .7467 - .7733 $114.00 7.6668 - 8.0000 $46.00 .7734 - .7999 $112.00 8.0001 - 8.3333 $44.00 .8000 - .8266 $110.00 8.3334 - 8.6667 $42.00 .8267 - .8533 $108.00 8.6668 - 9.0000 $40.00 .8534 - .8799 $106.00 9.0001 - 9.3333 $37.00 .8800 - .9066 $103.00 9.3334 - 9.6667 $35.00 .9067 - .9333 $101.00 9.6668 or more $33.00 c.
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706 Page 13 .4250 - .4416 $150.00 2.1786 - 2.3928 $81.00 .4417 - .4583 $147.00 2.3929 - 2.6249 $79.00 .4584 - .4749 $145.00 2.6250 - 2.8749 $77.00 .4750 - .4916 $143.00 2.8750 - 3.1249 $75.00 .4917 - .5083 $141.00 3.1250 - 3.3749 $73.00 .5084 - .5249 $139.00 3.3750 - 3.6666 $70.00 .5250 - .5416 $136.00 3.6667 - 3.9999 $68.00 .5417 - .5583 $134.00 4.0000 - 4.3333 $66.00 .5584 - .5749 $132.00 4.3334 - 4.6666 $64.00 .5750 - .5916 $130.00 4.6667 - 4.9999 $62.00 .5917 - .6133 $128.00 5.0000 - 5.5000 $59.00 .6134 - .6399 $125.00 5.5001 - 6.0000 $57.00 .6400 - .6666 $123.00 6.0001 - 6.5000 $55.00 .6667 - .6933 $121.00 6.5001 - 7.0000 $53.00 .6934 - .7199 $119.00 7.0001 - 7.3333 $51.00 .7200 - .7466 $117.00 7.3334 - 7.6667 $48.00 .7467 - .7733 $114.00 7.6668 - 8.0000 $46.00 .7734 - .7999 $112.00 8.0001 - 8.3333 $44.00 .8000 - .8266 $110.00 8.3334 - 8.6667 $42.00 .8267 - .8533 $108.00 8.6668 - 9.0000 $40.00 .8534 - .8799 $106.00 9.0001 - 9.3333 $37.00 .8800 - .9066 $103.00 9.3334 - 9.6667 $35.00 .9067 - .9333 $101.00 9.6668 or more $33.00 c.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 14 (Bold face denotes Committee Amendments) 3.
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706 Page 14 3.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 15 (Bold face denotes Committee Amendments) E.
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706 Page 15 E.
In the event that ad valorem taxes of a school district are determined to be uncollectible because of bankruptcy, clerical error, or a successful tax protest, and the amount of such taxes deemed uncollectible exceeds Fifty Thousand Dollars ($50,000.00) or an amount greater than twenty-five percent (25%) of ad valorem taxes per tax year, or the valuation of a district is lowered by order of SENATEENGR. FLOOR VERSION - SB706 SFLR Page 16 (Bold face denotes Committee Amendments) the State Board of Equalization, the school district’s State Aid, for the school year that such ad valorem taxes are calculated in the State Aid Formula, shall be determined by subtracting the net assessed valuation of the property upon which taxes were deemed uncollectible from the assessed valuation of the school district and the state.
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706 Page 16 the State Board of Equalization, the school district’s State Aid, for the school year that such ad valorem taxes are calculated in the State Aid Formula, shall be determined by subtracting the net assessed valuation of the property upon which taxes were deemed uncollectible from the assessed valuation of the school district and the state.
Total Amount of Amount of SENATEENGR. FLOOR VERSION - SB706 SFLR Page 17 (Bold face denotes Committee Amendments) General Fund Collections, General Fund Excluding Previous Year Balance Cash Surplus as of June 30 Allowable Less than $1,000,000 48% $1,000,000 - $2,999,999 42% $3,000,000 - $3,999,999 36% $4,000,000 - $4,999,999 30% $5,000,000 - $5,999,999 24% $6,000,000 - $7,999,999 22% $8,000,000 - $9,999,999 19% $10,000,000 or more 17% 2.
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706 Page 17 General Fund Collections, General Fund Excluding Previous Year Balance Cash Surplus as of June 30 Allowable Less than $1,000,000 48% $1,000,000 - $2,999,999 42% $3,000,000 - $3,999,999 36% $4,000,000 - $4,999,999 30% $5,000,000 - $5,999,999 24% $6,000,000 - $7,999,999 22% $8,000,000 - $9,999,999 19% $10,000,000 or more 17% 2.
The Department shall review all school district penalty protest documentation and notify each SENATEENGR. FLOOR VERSION - SB706 SFLR Page 18 (Bold face denotes Committee Amendments) district by March 15 of its finding and the final penalty to be assessed to each district.
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706 Page 18 district by March 15 of its finding and the final penalty to be assessed to each district.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 19 (Bold face denotes Committee Amendments) 6.
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706 Page 19 6.
Any school district which has an amount of carryover in the general fund of the district in excess of the limits established in paragraph 1 of this subsection during the fiscal years beginning SENATEENGR. FLOOR VERSION - SB706 SFLR Page 20 (Bold face denotes Committee Amendments) July 1, 2020, July 1, 2021, July 1, 2022, and July 1, 2023, shall not be assessed a general fund balance penalty as provided for in this subsection.
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706 Page 20 July 1, 2020, July 1, 2021, July 1, 2022, and July 1, 2023, shall not be assessed a general fund balance penalty as provided for in this subsection.
the assessed valuation of property, SENATEENGR. FLOOR VERSION - SB706 SFLR Page 21 (Bold face denotes Committee Amendments) b.
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706 Page 21 b.
SENATEENGR. FLOOR VERSION - SB706 SFLR Page 22 (Bold face denotes Committee Amendments) SECTION 5.
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706 Page 22 SECTION 5.
COMMITTEEPassed REPORTthe BY:Senate the 12th day of March, 2025.
COMMITTEE7 ONPresiding EDUCATIONOfficer Februaryof 11,the 2025Senate - DO PASS 7 9 SENATEPassed FLOORthe VERSIONHouse -of SB706Representatives SFLRthe Page____ 23day (Boldof face__________, denotes2025. Committee Amendments)
Presiding Officer of the House of Representatives ENGR.
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706 Page 23
Show all 119 changed rows (79 more)
View plain text versions (5)
- Engrossed View text Current pdf
- Floor (Senate) View text pdf
- Sub Committee Recommendation View text pdf
- Committee Substitute Proposed Committee Substitute (sub committee) 1 pdf
- Introduced View text pdf
Action History
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Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Education Subcommittee
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Referred to Appropriations and Budget Education Subcommittee
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Second Reading referred to Appropriations and Budget
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First Reading
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Engrossed to House
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Referred for engrossment
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Measure and Emergency passed: Ayes: 44 Nays: 0
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General Order, Considered
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Coauthored by Representative Lowe (Dick) (principal House author)
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Placed on General Order
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Reported Do Pass Education committee; CR filed
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Second Reading referred to Education
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Authored by Senator Pugh
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First Reading
Sponsors
Sponsorship breakdown
Export CSV (upgrade) →2 sponsors · 0 co-sponsors · 149 not signed on
Co-sponsors (0)
None.
Not signed on (149)
149 members have not signed on to this bill.
Show all 149 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 5 | 0 | 0 | 0 |
| Democrat | 2 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| John Waldron | Democrat | Yea |
| Michelle McCane | Democrat | Yea |
| Chad Caldwell | Republican | Yea |
| Dick Lowe | Republican | Yea |
| Gabe Woolley | Republican | Yea |
| Ronny Johns | Republican | Yea |
| Toni Hasenbeck | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 36 | 0 | 0 | 3 |
| Democrat | 8 | 0 | 0 | 0 |
| Total | 44 | 0 | 0 | 3 |
| % of votes cast | 94% | 0% | 0% | 6% |
How each member voted (47)
| Member | Party | Vote |
|---|---|---|
| Carri Hicks | Democrat | Yea |
| Jo Anna Dossett | Democrat | Yea |
| Julia Kirt | Democrat | Yea |
| Mark Mann | Democrat | Yea |
| Mary B. Boren | Democrat | Yea |
| Michael Brooks | Democrat | Yea |
| Nikki Nice | Democrat | Yea |
| Regina Goodwin | Democrat | Yea |
| Aaron Reinhardt | Republican | Yea |
| Adam Pugh | Republican | Yea |
| Ally Seifried | Republican | Yea |
| Avery Frix | Republican | Yea |
| Bill Coleman | Republican | Yea |
| Brenda Stanley | Republican | Yea |
| Brent Howard | Republican | Yea |
| Brian Guthrie | Republican | Yea |
| Casey Murdock | Republican | Yea |
| Christi Gillespie | Republican | Not Voting |
| Chuck Hall | Republican | Yea |
| Dana Prieto | Republican | Yea |
| Darcy Jech | Republican | Yea |
| Dave Rader | Republican | Yea |
| David Bullard | Republican | Yea |
| District 24 | Republican | Yea |
| Dusty Deevers | Republican | Yea |
| George Burns | Republican | Yea |
| Grant Green | Republican | Not Voting |
| Jack Stewart | Republican | Yea |
| Jerry Alvord | Republican | Yea |
| John Haste | Republican | Yea |
| Jonathan Wingard | Republican | Yea |
| Julie Daniels | Republican | Yea |
| Julie McIntosh | Republican | Yea |
| Kelly Hines | Republican | Yea |
| Kendal Sacchieri | Republican | Yea |
| Kristen Thompson | Republican | Yea |
| Lisa Standridge | Republican | Yea |
| Lonnie Paxton | Republican | Not Voting |
| Micheal Bergstrom | Republican | Yea |
| Paul Rosino | Republican | Yea |
| Randy Grellner | Republican | Yea |
| Roland Pederson | Republican | Yea |
| Shane Jett | Republican | Yea |
| Spencer Kern | Republican | Yea |
| Todd Gollihare | Republican | Yea |
| Tom Woods | Republican | Yea |
| Warren Hamilton | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 8 | 0 | 0 | 0 |
| Democrat | 3 | 0 | 0 | 0 |
| Total | 11 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Carri Hicks | Democrat | Yea |
| Jo Anna Dossett | Democrat | Yea |
| Mark Mann | Democrat | Yea |
| Aaron Reinhardt | Republican | Yea |
| Adam Pugh | Republican | Yea |
| Ally Seifried | Republican | Yea |
| Dave Rader | Republican | Yea |
| Dusty Deevers | Republican | Yea |
| Kelly Hines | Republican | Yea |
| Kendal Sacchieri | Republican | Yea |
| Roland Pederson | Republican | Yea |
Subjects
Frequently asked questions
- Who sponsors SB 706?
- SB 706 is sponsored by Adam Pugh (Republican) and Dick Lowe (Republican).
- What is the current status of SB 706?
- This bill has passed the Senate. Introduced February 03, 2025. It now moves to the second chamber.
- Where can I track SB 706?
- Track SB 706 free on One Click Politics — get push/email alerts when it moves.
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