SB 1020 Oklahoma Senate · 2025 Regular Session

Office of the State Treasurer; exempting Office from property purchasing and leasing requirements for certain purpose. Effective date. Emergency.

Senate Bill 1020 exempts the Office of the State Treasurer from standard state agency property transaction rules. It allows the Treasurer's Office to purchase or lease real property without following the usual requirements for other state agencies, such as obtaining appraisals over $25, publishing sale notices, or securing prior approval from the Office of Management and Enterprise Services. This change directly affects the Treasurer's Office by streamlining its property acquisition process. The bill amends existing statutes to specifically remove these procedural barriers for the Treasurer's Office only.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

Senate Passage

Mar 2025

House Passage

Governor

Introduced Feb 3, 2025 Last action Apr 8, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Floor (Senate) · 5 edits

MODERATE

The bill was updated from its Engrossed version to the Senate Floor version, incorporating committee amendments that clarify procedures for state agency real property disposal. Key substantive changes include adding electronic auction options, modifying notice publication requirements to allow electronic publication under certain conditions, and adjusting appraisal thresholds for low-value properties. These changes aim to modernize disposal processes while maintaining oversight and transparency.

Scope change

The bill's scope remains focused on Office of the State Treasurer and Office of Management and Enterprise Services procedures for real property transactions, with no change to the agencies or general applicability.

REQUIREMENT

Added electronic auction as an option for property disposal alongside public auction and sealed bids.

Modified notice publication requirements to allow electronic publication on the Office of Management and Enterprise Services website if accompanied by newspaper publication in the county where property is located.

Added provision allowing properties valued under $25,000 to be disposed of based on market comparison without requiring a certified appraisal.

Added language clarifying that properties approved for liquidation by the Long-Range Capital Planning Commission may be auctioned at public or electronic auction with proper notice.

TECHNICAL

Added header identifying this as the Senate Floor Version with bold face denoting Committee Amendments for clarity during legislative review.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 8, 2025

Lower · Passed

Recommendation to the full committee; Do Pass Appropriations and Budget General Government Subcommittee

lower

Apr 2, 2025

Committee

Referred to Appropriations and Budget General Government Subcommittee

lower

Mar 25, 2025

Introduced

First Reading

lower

Mar 25, 2025

Upper · Passed

Engrossed to House

upper

Mar 24, 2025

Committee

Referred for engrossment

upper

Mar 24, 2025

Upper · Passed

Measure and Emergency passed: Ayes: 37 Nays: 9

upper

Feb 25, 2025

Upper · Passed

Reported Do Pass Retirement and Government Resources committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors