State government; providing for funds from certain settlements to be retained by the Oklahoma Municipal Power Authority. Effective date.

SB 266 amends Oklahoma law to require the Oklahoma Municipal Power Authority (OMPA) to retain settlement funds received on its behalf, rather than depositing them into the state treasury. This change specifically applies to funds from legal settlements involving OMPA, updating Section 18b of state code to clarify that such funds must remain with the Authority. The bill also adds a requirement for electronic submission of certain reports related to these funds. It does not alter OMPA's core operations but changes the financial handling of designated settlement proceeds.