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OK SB894
Bill
Status
2/1/2016
Primary Sponsor
Kyle Loveless
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AI Summary
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Consolidates the Oklahoma Space Industry Development Authority (OSIDA) into the Oklahoma Center for the Advancement of Science and Technology (OCAST) effective July 1, 2016, transferring all funds, property, personnel, powers, duties, and existing rules to OCAST
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Creates a 7-member Board of Directors within OCAST, appointed by the Governor with Senate consent, to exercise space industry development powers independently of the Oklahoma Science and Technology Research and Development Board
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Maintains OCAST's authority to develop commercial spaceports in designated Washita County territory, including powers to acquire land (with condemnation limited to 25 acres), issue revenue bonds, and regulate spaceport operations and safety
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Preserves trade secret confidentiality protections, sovereign immunity, and exemptions from competitive bidding requirements for space industry activities under the consolidated structure
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Repeals Section 5206 relating to activation requirements for the original Authority, with the bill containing an emergency clause for immediate effect upon passage
Legislative Description
Oklahoma Space Industry Development Authority; consolidating OSIDA with Oklahoma Center for the Advancement of Science and Technology. Effective date.
Last Action
Second Reading referred to General Government Committee then to Appropriations Committee
2/2/2016