1. A. Except as provided for in subsection B of this section, on the first day of October preceding each regular session of the Legislature, each of the several state departments, bureaus, divisions, officers, commissions, and institutions, including those created or established pursuant to constitutional provisions, and other spending agencies shall report to the Director of State Finance and the Chairman and Vice Chairman of the Joint Legislative Committee on Budget and Program Oversight, on official forms furnished for such purpose an itemized request showing the amount needed for the ensuing fiscal year beginning with the first day of July. The official forms which must be used in making these reports shall be approved or furnished by the Director of State Finance and the Joint Legislative Committee on Budget and Program Oversight, shall be uniform, and shall clearly designate the kind of information to be given on the reports. Spending agencies shall make an itemized estimate of needs and request for funds for the ensuing fiscal year and an estimate of the revenues from all sources to be received by the agency during the ensuing fiscal year. The Director of State Finance shall submit to the Governor and the Joint Legislative Committee on Budget and Program Oversight no later than the fifth day of October a complete list of all spending agencies which fail to submit budgets by October 1, pursuant to the provisions of this section.

2. B.

   1. 1. Effective July 1, 1989, the reports required by this section shall include an itemized listing of outstanding capital lease debt and estimated capital lease needs for the ensuing fiscal year, and shall be provided on official forms furnished by the Director of State Finance for this purpose.
   2. 2. For the purposes of this section "capital lease" means a lease-purchase agreement which provides an option for the State of Oklahoma or its agencies to purchase property, including personal and real property, which is the subject thereof and/or a lease agreement that provides an option for the State of Oklahoma or its agencies to lease such property, which is the subject thereof, at a nominal annual amount, after a period in which leased property is rented at fair market value.

Laws 1947, SB 36, p. 381, § 29, emerg. eff. February 25, 1947; Amended by Laws 1981, HB 1234, c. 255, § 4; Amended by Laws 1983, SB 320, c. 334, § 6, emerg. eff. June 30, 1983; Amended by Laws 1985, HB 1026, c. 319, § 16, emerg. eff. October 1, 1985; Amended by Laws 1986, HB 2032, c. 105, § 3, emerg. eff. April 5, 1986; Amended by Laws 1987, HB 1099, c. 203, § 112, emerg. eff. July 1, 1987; Amended by Laws 1989, HB 1065 c. 300, § 15, emerg. eff. July 1, 1989; Amended by Laws 1994, SB 1127, c. 279, § 8, emerg. eff. July 1, 1994.