Counties; modifying certain process for funding county rainy day fund; allowing for certain use of county rainy day fund for general budget. Effective date. Emergency.

SB 449 modifies Oklahoma county rainy day fund rules to allow more flexible use of these emergency savings. It permits counties to use up to 25% of the fund balance to supplement the general budget when current revenue falls below the previous year's budget, and up to 12.5% to cover unexpected revenue shortfalls (with a 10% emergency cap for urgent needs). The bill maintains a 50% cap on fund size relative to the prior year's budget and requires clear budget line items for all transfers. This directly affects all Oklahoma counties by expanding how they can access their emergency savings for budget stability.