{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-8012","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-8012","heading":"Duties of the Office","body":"A. The Legislative Office of Fiscal Transparency (LOFT) shall:\n\n1. Gather information regarding the proposed budgets of\n\nexecutive branch agencies each fiscal year;\n\n2. Analyze the information and evaluate the extent to which the\n\nagency budget does or does not fulfill the agency’s primary duties\n\nand responsibilities under applicable provisions of federal, state,\n\nor other law;\n\n3. Analyze and forecast all revenues available to the agency\n\nfrom appropriations, fees, dedicated revenue, or any other source;\n\n4. Compare the agency budget information to the comparable\n\ninformation contained in that agency’s budget requests from prior\n\nfiscal years;\n\n5. Conduct such investigations regarding the operations of the\n\nagency as required in order to fulfill the duties imposed upon the\n\nOffice by law or as otherwise directed by the oversight committee;\n\nand\n\n6. Conduct rule impact analyses for major rules, as defined in\n\nSection 250.3 of Title 75 of the Oklahoma Statutes.\n\nThe oversight committee, subject to the direction of the\n\nPresident Pro Tempore of the Senate and the Speaker of the House of\n\nRepresentatives, shall ensure that the functions performed by the\n\nOffice pursuant to the provisions of this subsection do not\n\nduplicate those of the Appropriations Committee of the Senate and\n\nthe Appropriations and Budget Committee of the House of\n\nRepresentatives and their respective staffs.\n\nB. The Office shall further conduct performance evaluations and\n\nmay conduct independent comprehensive performance audits. The\n\noversight committee created in Section 8013 of this title may\n\nperiodically identify specific executive branch agencies, or\n\nprograms, activities, or functions within executive branch agencies,\n\nfor which the Office shall conduct a performance evaluation or\n\nindependent comprehensive performance audit.\n\nC. As used in Section 8011 et seq. of this title, “performance\n\nevaluation” means an examination of a program, activity, or function\n\nof an executive branch agency, conducted in accordance with\n\napplicable government auditing standards or auditing and evaluation\n\nstandards of other appropriate authoritative bodies. The term\n\nincludes, but is not limited to, an examination of issues related\n\nto:\n\n1. Economy, efficiency, or effectiveness of the agency or\n\nprogram, including any revenue sources used to fund or support the\n\nagency or program;\n\n2. Structure or design of the agency or program to accomplish\n\nits goals and objectives;\n\n3. Adequacy of the agency or program to meet the needs or\n\npolicy goals identified by the Legislature;\n\n4. Alternative methods of providing agency or program services\n\nor products;\n\n5. Goals, objectives, and performance measures used by the\n\nagency to monitor and report agency or program accomplishments;\n\n6. The accuracy or adequacy of public documents, reports, or\n\nrequests prepared by or in relation to the agency or program;\n\n7. Compliance with appropriate policies, rules, or laws related\n\nto the agency or program; and\n\n8. Any other issues related to such agencies or programs as\n\ndirected by the oversight committee.\n\nD. As used in Section 8011 et seq. of this title, “independent\n\ncomprehensive performance audit” (ICPA) includes, but is not limited\n\nto, a review and analysis of the economy, efficiency, effectiveness,\n\nand compliance of the policies, management, fiscal affairs, and\n\noperations of state agencies, divisions, programs, and accounts.\n\nThe results of an ICPA may be used by the Legislature to implement\n\nthe best budgeting and policy-making practices for government\n\nservices to run in the most cost-effective way. The Office may, at\n\nthe direction of the oversight committee and subject to the approval\n\nof the President Pro Tempore of the Senate and the Speaker of the\n\nHouse of Representatives, contract with a private company, nonprofit\nresults of an ICPA may be used by the Legislature to implement\n\nthe best budgeting and policy-making practices for government\n\nservices to run in the most cost-effective way. The Office may, at\n\nthe direction of the oversight committee and subject to the approval\n\nof the President Pro Tempore of the Senate and the Speaker of the\n\nHouse of Representatives, contract with a private company, nonprofit\n\norganization, or academic institution to assist with an independent\n\ncomprehensive performance audit or for professional consulting and\n\nadministrative support services. The Office may, but shall not be\n\nrequired to, contract with the Office of the State Auditor and\n\nInspector to conduct any ICPA. LOFT shall develop the scope of\n\nservices for a request for proposals issued, for professional\n\nservices necessary to complete each ICPA. Prior to entering into\n\nany contract, LOFT shall obtain no fewer than three separate bids\n\nfor the auditing services, unless LOFT determines that fewer than\n\nthree entities meet the qualifications to bid to perform such\n\nservices as set forth by LOFT. The cost of the contract shall be\n\npaid by the Legislative Service Bureau.\n\nAn independent comprehensive performance audit shall address,\n\nbut not be limited to, the following topics:\n\n1. Policies which shall include constitutional mandates, if\n\nany, statutory mandates, statutory authorizations, administrative\n\nrules or policies of the affected agency reflected in internal\n\nagency documents, or agency practices;\n\n2. All sources of funding received by the agency, inclusive of\n\nfederal funds, state appropriations, state-dedicated revenues, fee\n\nrevenue sources, the use of agency revolving funds, or any other\n\nfund or revenue source which is used to pay the expenses of the\n\nagency;\n\n3. Management of the agency which shall include, but not be\n\nlimited to, its governance, capacity, divisions, programs, accounts,\n\ninformation technology systems, and policies and agency operations\n\nwhich include objective analysis of the roles and functions of the\n\ndepartment; and\n\n4. A schedule for implementation of agency-specific\n\nrecommendations.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"24ac157a7162a49ea6eac6b4d407a63cb344675fb7f658f0a2ff4b46e9451599","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-8011","next":"us-ok/okla.-stat.-tit.-62-62-8013"},"notice":"GroundRules: Original legal text. Not legal advice."}