5/30/03-A legislator’s proposal to take up to $1.2 billion from the state’s teacher retirement system to pay off debt belonging to the Oklahoma Transportation Authority is dead for the year.
HB1377 would have allowed the teachers to be reimbursed by using toll revenues from the state’s turnpike system.
The measure failed to make it out of the House Appropriations and Budget Subcommittee on Select Agencies before the Legislature adjourned May 30.

3/28/03-An Oklahoma legislator's proposal to take up to $1.2 billion from the state's teacher retirement system to pay off debt belonging to the Oklahoma Transportation Authority failed to make it out of committee.
HB1377, authored by Rep. John Wright, R-Broken Arrow, would then allow the teachers to be reimbursed by using toll revenues from the state's turnpike system.
However, the House Appropriations and Budget Subcommittee on Select Agencies rejected the measure.

(Originally posted 2/26/03)

1/23/03-An Oklahoma lawmaker has proposed legislation to snag up to $1.2 billion from the state's teacher retirement system to pay off debt belonging to the Oklahoma Transportation Authority.
HB1377, filed by Rep. John Wright (R-Broken Arrow), would then allow the retirement system to be repaid by using toll revenues from the state's turnpike system.
The legislative session begins Feb. 3. For bill status, call (405) 521-2711.