Oklahoma § 62-3110 - Retirement bills having fiscal impact - Consideration

§ 62-3110. Retirement bills having fiscal impact - Consideration

following actuarial investigation - Procedure - Amendments.

Oklahoma Statutes - Title 62. Public Finance

A. When a retirement bill having a fiscal impact has had an

actuarial investigation pursuant to Section 3109 of this title, the

bill may be considered at the next regular session of the

Legislature. If the bill as originally introduced was not changed

by the committee and the original version was submitted to the

Legislative Actuary for an actuarial investigation, then the

original version of the bill is the only one, except as otherwise

provided by subsection B of this section, which may be considered by

the committee or by the House of Representatives or the Senate. If

the original bill was substituted by the committee and the

substitute version was the one submitted to the Legislative Actuary,

then that substitute bill is the only one, except as otherwise

provided by subsection B of this section, which may be considered by

the committee or by the House of Representatives or the Senate.

B. After completion of an actuarial investigation, any

amendment to a retirement bill having a fiscal impact shall be out

of order and shall not be allowed either by a committee or by the

House of Representatives or the Senate, except for a nonfiscal or a

reduction in cost amendment. Any amendment to a retirement bill

having a fiscal impact shall be submitted to the Legislative Actuary

by the chair of the committee, if a committee amendment, or by the

presiding officer of the Senate or the House of Representatives if

the amendment was made by the Senate or the House of

Representatives. If the Legislative Actuary certifies in writing

that the amendment is a nonfiscal amendment or if the amendment

results in a reduction in cost and the Legislative Actuary provides

an actuarial investigation as required in subsection A of Section 9

of this act, then the bill as amended, with the Legislative

Actuary’s certification or actuarial investigation attached to the

original of the amendment, may continue in the legislative process.

If the Legislative Actuary will not issue such a certification for

the amendment or if there is no actuarial study showing the reduced

cost of the amendment, the bill’s progress in the legislative

process will end, and the bill shall not be considered further by

either the House of Representatives or the Senate.

C. An amendment to a retirement bill having a fiscal impact

which is prohibited by subsection B of this section may be withdrawn

by the committee which made the amendment, if a committee amendment,

or by the Senate, if that body made the amendment, or by the House

of Representatives, if that body made the amendment. If the

amendment is withdrawn, the bill may continue in the legislative

process as any other bill, unless it is subsequently amended, and,

in that event, this section shall apply to the subsequent amendment.

Added by Laws 2006, c. 292, § 10, eff. July 1, 2006. Amended by

Laws 2007, c. 367, § 11, eff. July 1, 2007.

Oklahoma Statutes - Title 62. Public Finance