HB 2024 Summary

• Establishes the "Oklahoma Space Renaissance Act" as the title for this appropriations measure.

• Appropriates $1,300,000 to the Oklahoma Space Industry Development Authority for fiscal year ending June 30, 2026, to perform duties imposed by law.

• Appropriates $35,000,000 for infrastructure investments at the Oklahoma Air and Space Port to support spacecraft testing and launching, plus science, technology, engineering, and math (STEM) engagement activities.

• Appropriates $15,000,000 for infrastructure and programmatic investments in a microgravity research consortium focused on applied science commercialization at the Oklahoma City Innovation District in partnership with Oklahoma-based independent research institutes.

• Becomes effective July 1, 2025, with an emergency clause allowing immediate effect upon passage and approval.