OK SB1335

Amends Section 4019 of Oklahoma Statutes to authorize the Oklahoma Capitol Improvement Authority to issue obligations (bonds) up to $150 million for endowed chairs, professorships, and lectureships at state higher education institutions.

Extends the maximum maturity date for obligations from 15 years to 20 years from the first principal maturity date of any series.

Authorizes the Authority to refund and/or restructure outstanding obligations issued under the endowment funding program.

Specifies that at least 50% of funded endowed positions must involve research and development, and requires matching funds to be received before obligations can be issued.

Declares an emergency effective date, making the act effective upon passage and approval.