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 redirect funds received on behalf of the Oklahoma Municipal Power Authority (OMPA) directly to the Authority, rather than requiring them to be paid into the State Treasury. Previously, such funds were to be paid into the State Treasury under Section 18b(11) of the Oklahoma Statutes. The bill specifically updates the statute to state that "monies received on behalf of the Oklahoma Municipal Power Authority shall be retained by the Authority." This change affects OMPA directly by allowing it to retain settlement-related funds it receives. The provision is a straightforward statutory update with no new requirements or programs.