OK HB1974

Amends Oklahoma law to establish a 3% bidding preference for resident bidders on state contracts when price, fitness, availability, and quality are equal.

Defines "resident bidder" as a business entity that has filed Oklahoma corporate income taxes, made unemployment insurance payments, maintained workers' compensation coverage, and located at least 51% of property and payroll in Oklahoma for one year prior to bidding.

Requires state agencies to give preference to goods and services from other U.S. states over foreign goods when Oklahoma products are not available or equal.

Mandates that non-resident bidders have a percentage increase added to their bids equal to the preference their home state gives to its own bidders.

Applies these bidding preference provisions to all contracts made by state agencies, political subdivisions, and school boards in Oklahoma, effective November 1, 2011.