HB 2766 Summary

• Appropriates $1,651,460,413 to State Board of Education from General Revenue Fund plus additional amounts from Education Reform Revolving Fund ($1,262,735,353) and other sources for public school financial support for fiscal year ending June 30, 2026.

• Makes appropriations totaling over $872 million to Oklahoma State Regents for Higher Education for institutional budgets, programs, construction, and student aid, plus $70 million transfer for Higher Learning Access Program.

• Appropriates $1,031,728,976 to Oklahoma Health Care Authority and $278,124,636 to Department of Mental Health and Substance Abuse Services for healthcare and mental health services.

• Appropriates funds across 100+ state agencies including transportation ($610 million), corrections ($456 million), human services, judiciary, public safety, and natural resources departments for fiscal year operations.

• Effective date July 1, 2025 for most appropriations; authorizes fund transfers and revolving fund expenditures contingent on fund creation dates; allows execution of appropriations for newly created funds upon the later of effective date or fund creation.