Oklahoma 2023 Regular Session

Oklahoma Senate Bill SB416

Introduced
2/6/23  
Refer
2/7/23  
Report Pass
2/16/23  
Engrossed
3/14/23  
Refer
3/29/23  

Caption

Public property; exempting higher education from procedures for disposal and lease of certain real property. Effective date.

Impact

The enactment of SB416 would significantly modify the existing legislative framework concerning state property management. The bill outlines requirements for the sale, exchange, or leasing of real property, which includes obtaining appraisals for properties above a specified value and ensuring that no property can be sold for less than 90% of its appraised value. This is poised to enhance financial accountability and transparency in government property transactions, potentially leading to better management of state assets.

Summary

SB416 aims to amend the procedures regarding the disposal or lease of certain real properties by state agencies in Oklahoma. Specifically, it seeks to alter the exemptions within the existing framework, specifically providing clarity on how property transactions should be managed. The bill focuses on ensuring that any disposals of state-owned real property are processed effectively by the Office of Management and Enterprise Services, which must approve disposals based on set guidelines and appraisals, thereby streamlining the process for state agencies requiring such actions.

Sentiment

Feedback on SB416 has been mixed during discussions. Proponents argue that the updates are necessary for modernizing state property management and enhancing efficiency within government operations. Conversely, some critics of the bill have raised concerns over the complexities introduced by these new procedures, fearing that they might lead to bureaucratic delays and hinder the ability of state agencies to respond swiftly to property management needs.

Contention

Notable points of contention during the legislative discussions focused on exemptions outlined in the bill. Institutions and entities like the Oklahoma State System of Higher Education are exempt from these new procedures, which has sparked debate over whether this exemption is necessary or promotes inequity in how different state entities manage property. Additionally, legislators raised points regarding the balance between administrative oversight and the operational flexibility required by agencies, indicating a need for further discussion on these regulations.

Companion Bills

No companion bills found.

Previously Filed As

OK HB1420

State Government; reduction of property owned and leased by the state; exemption; effective date.

OK HB1420

State Government; reduction of property owned and leased by the state; exemption; effective date.

OK SB1020

Office of the State Treasurer; exempting Office from property purchasing and leasing requirements for certain purpose. Effective date. Emergency.

OK SB1020

Office of the State Treasurer; exempting Office from property purchasing and leasing requirements for certain purpose. Effective date. Emergency.

OK SB341

Railroad Revitalization Act; providing process for sale of certain lease-purchase properties. Effective date. Emergency.

OK SB341

Railroad Revitalization Act; providing process for sale of certain lease-purchase properties. Effective date. Emergency.

OK SB3091

DISPOSAL Act Disposing of Inactive Structures and Properties by Offering for Sale And Lease Act

OK HB6675

DISPOSAL Act Disposing of Inactive Structures and Properties by Offering for Sale And Lease Act

OK S1278

Exempts from property taxation real property privately owned and leased to certain public entities for public purposes.

OK A1063

Exempts from property taxation real property privately owned and leased to certain public entities for public purposes.

Similar Bills

CA SB1352

Property taxation: newly constructed: reconstructed property.

CA AB245

Property taxation: application of base year value: disaster relief.

CA SB1053

Property taxation: transfer of base year value: disaster relief.

CA SB603

An act to amend Section 69 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

HI HB1398

Relating To Property.

HI HB1398

Relating To Property.

TX HB2011

Relating to the right to repurchase from a condemning entity certain real property for which ad valorem taxes are delinquent.