Legislative Office of Fiscal Transparency; establishing administrative rules division within Office. Effective date. Emergency.

SB 5 establishes an Administrative Rules Division within Oklahoma's Legislative Office of Fiscal Transparency. This division will analyze state agency budgets, compare them to prior years, and conduct performance evaluations of agency operations and programs. The bill revises the Office's duties to include forecasting revenues, assessing budget alignment with agency responsibilities, and evaluating efficiency, effectiveness, and compliance. These changes directly affect executive branch agencies by subjecting their budgeting and operations to new oversight mechanisms. The Office may also contract with external entities to conduct independent audits, as directed by the oversight committee.