Oklahoma City, OK 73105
For Immediate Release: April 12, 2016
Sen. Greg Treat
Federal funds transparency legislation signed into law
Oklahomans will now be able to see what federal funds
state agencies receive each year and how that money is being used
thanks to legislation signed into law Monday afternoon. Sen. Greg
Treat is the author of Senate Bill 1342, which he says will
also help legislators be able to better gauge the financial needs
of agencies when crafting the state’s annual budget.
“State government consumes over $24 billion annually. The
federal pass through monies account for nearly $7 billion of this
total. When legislators are crafting a budget that tries to balance
priorities it is extremely important that we know the true and total
revenue picture of state agencies and, more importantly, it’s
critical that taxpayers who foot the bill for federal and state
revenue know the real story,” said Treat, R-Oklahoma City.
“I want to thank my colleagues in the Senate and House as
well as Governor Fallin for their support of this important reform.
I also appreciate Rep. Tom Newell’s leadership on the House
side to bring transparency to federal dollars.”
SB 1342 requires the Office of Management and Enterprise Services
to make modifications to the website required by the Taxpayer Transparency
Act to give users the ability to track expenditures of federal funds
by state agencies.
Senate Pro Tem Brian Bingman said the new law will help in the budgeting
“Greater transparency in the amount of federal funds flowing
into the state each year allows lawmakers to hold agencies accountable
for how they spend our tax dollars. It also gives lawmakers a more
complete picture of state spending as they craft a balanced budget,”
said Bingman, R-Sapulpa. “Senator Treat deserves credit for
this bill because it provides the public and policymakers more transparency
into the state budget.”
The new law will go into effect January 1, 2017.
For more information,
Sen. Treat: (405) 521-5632