Oklahoma § 70-5-151 Purpose.

Oklahoma Statutes

§ 70-5-151 — Purpose.

Oklahoma § 70-5-151

Title 70Schools

This text of Oklahoma § 70-5-151 (Purpose.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 70, § 70-5-151 (2026).

Text

The purpose of the School District Budget Act is to provide an alternate budget procedure for school districts which will: 1. Establish standard and sound fiscal procedures for the adoption and administration of budgets; 2. Make available to the public and investors sufficient information as to the financial conditions, requirements and expectations of the school district; and 3. Assist school districts to improve and implement generally accepted standards of financial management as promulgated by the Governmental Accounting Standards Board (GASB).

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The purpose of the School District Budget Act is to provide an alternate budget procedure for school districts which will: 1. Establish standard and sound fiscal procedures for the adoption and administration of budgets; 2. Make available to the public and investors sufficient information as to the financial conditions, requirements and expectations of the school district; and 3. Assist school districts to improve and implement generally accepted standards of financial management as promulgated by the Governmental Accounting Standards Board (GASB).