HB 4478: Schools; school activity fund; requiring certain funds to be deposited at least once per business week; effective date. - Oklahoma

Floor (House) → Floor (Senate) · 5 edits

MODERATE

The bill was converted from the House version to the Senate version, which includes significant formatting updates and the removal of specific dollar amounts. The Senate version replaces fixed thresholds (e.g., $100 and $500) with generic placeholders like 'certain amount,' indicating that these specific financial limits were not yet finalized or were intentionally left open for further legislative action.

Scope change

The scope of the bill's applicability remains the same, as it still governs school activity funds in Oklahoma, but the specific financial thresholds for depositing funds are no longer defined in this version.

REQUIREMENT

Specific dollar thresholds for accumulating and depositing school activity funds were removed and replaced with generic text (e.g., 'certain amount'), removing the requirement to deposit funds once they reach $100 or $500.

The specific rule allowing districts to accumulate monies until they total $100 was removed, as the text now refers to an unspecified 'certain amount'.

The specific rule requiring deposits when funds reach $500 was removed, as the text now refers to an unspecified 'certain amount'.

TECHNICAL

The document header was updated to reflect the 'Senate Floor Version' dated April 14, 2026, replacing the 'House of Representatives' header.

The bill title was updated from 'Committee Substitute' to 'Engrossed House,' indicating the bill has passed the House and is now in the Senate.

House Committee Substitute → Floor (House) · 3 edits

MINOR

The bill was updated to reflect its status as a Floor version after committee review, adding a co-sponsor and removing internal committee tracking numbers. Substantively, the text of the law regarding school activity funds, deposit thresholds, and petty cash limits remains unchanged.

Scope change

The bill's scope and applicability remain unchanged; it continues to regulate school activity funds for the 2026 legislative session.

TECHNICAL

The header was updated from 'Committee Substitute' to 'Floor (House)' version, and a second sponsor (Waldron) was added to the bill authorship.

Internal committee tracking numbers (e.g., Req. No. 17038) and page footers were removed to prepare the text for final floor consideration.

Line breaks and indentation were adjusted to standardize the formatting of the statutory text.

Proposed Committee Substitute (sub committee) 1 → House Committee Substitute · 4 edits

MODERATE

The bill was amended to change its title from 'Proposed Subcommittee Substitute' to 'Committee Substitute,' indicating it has moved from a subcommittee review to the full House committee stage. The substantive content of the bill remains largely the same, though a new paragraph was added to clarify petty cash accounting rules, requiring that receipts on hand must always equal the authorized cash balance.

Scope change

The bill's scope and applicability remain unchanged; it still applies to school activity funds and petty cash accounts in Oklahoma school districts.

TECHNICAL

The bill title and header were updated to reflect the legislative process stage, changing from 'Proposed Subcommittee Substitute' to 'Committee Substitute.'

Specific language regarding depositing funds less than one hundred dollars was removed, while the requirement to deposit funds once they reach five hundred dollars was retained.

The document reference number in the footer was updated from Req. No. 16338 to Req. No. 17038.

REQUIREMENT

A new requirement was added to the petty cash section, clarifying that the sum of cash and receipts on hand must always equal the authorized amount of the petty cash account.

Engrossed → Proposed Committee Substitute (sub committee) 1 · 3 edits

MINOR

The bill was amended from its Engrossed version to a Proposed Committee Substitute version, primarily changing the document's title and header information to reflect committee review status. The substantive legal text regarding school fund deposits, petty cash limits, and revenue sources appears to remain identical in both versions, with no changes to funding thresholds, deposit deadlines, or eligibility criteria.

TECHNICAL

The bill's title was updated from 'ENGROSSED HOUSE BILL NO. 4478' to 'HB4478 SUBPCS1' to indicate it is now a substitute version proposed by the subcommittee.

The header information was changed to include committee amendment details, speaker/chair placeholders, and the specific date and time of the amendment (2/12/2026).

The page numbering and formatting were adjusted to match the standard layout for a proposed committee substitute bill.

Introduced → Engrossed · 4 edits · Mar 17, 2026

MODERATE

This bill amends Oklahoma's school activity fund rules to increase the minimum deposit threshold from $100 to $500, allowing districts to hold more cash before depositing it. It also clarifies that deposits must occur at least once per business week regardless of the amount held, ensuring regular oversight of school funds.

Scope change

The bill applies to all school districts in Oklahoma managing extracurricular and revenue-generating funds.

FISCAL

Increased the minimum cash balance threshold for mandatory deposits from $100 to $500, allowing districts to retain more cash on hand before depositing it into the school activity fund.

REQUIREMENT

Clarified that funds must be deposited at least once per business week regardless of the total amount, removing the previous exception for small daily deposits.

Removed the specific requirement that deposits must be made by the end of the next business day, replacing it with the new weekly accumulation rule.

TECHNICAL

Updated the bill header and formatting to reflect its status as an engrossed version passed by both legislative chambers.

Schools; school activity fund; requiring certain funds to be deposited at least once per business week; effective date.

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