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Bill

HB 4478

Schools; school activity fund; requiring certain funds to be deposited at least once per business week; effective date.

2026 Regular Session Introduced by Jared Deck and 1 co-sponsor

Oklahoma schools must deposit activity fund revenues at least weekly to strengthen financial controls and reduce cash management risks in student-generated accounts.

Coauthored by Representative Dollens
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Bill Summary · HB 4478

Legislative bill overview

HB 4478 requires Oklahoma schools to deposit activity fund revenues at least once per business week, rather than allowing longer deposit intervals. The bill includes emergency provisions for immediate implementation upon passage.

Why is this important

School activity funds—generated through student fees, fundraising, and club activities—represent significant sums of cash held by schools. More frequent deposits reduce the risk of loss, theft, or mismanagement and improve financial accountability and transparency in how schools handle student money.

Potential points of contention

  • Administrative burden: Requiring weekly deposits may create operational challenges for smaller schools with limited staff or banking access, potentially increasing administrative costs
  • Banking logistics: Not all schools may have convenient weekly banking options; some rural districts could face practical difficulties meeting this timeline
  • Scope of funds unclear: The bill's language doesn't explicitly clarify which "activity funds" are covered (athletic accounts, student organizations, field trips, etc.) or if exemptions apply to specific fund types

Compiled from official sources — confirm details with the bill’s official record.

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