OK HB2841

Requires the Board of Investors of the Tobacco Settlement Endowment Trust Fund to invest at least 4% of funds in eligible Oklahoma venture capital companies or venture capital fund of funds.

Defines "eligible Oklahoma venture capital company" as a business entity with five or more investors, no single investor owning more than 40% of capitalization, either based in Oklahoma or with 50%+ of assets and employees in Oklahoma, and listed by the Oklahoma Department of Commerce.

Defines "eligible Oklahoma venture capital fund of funds" as an entity investing more than 50% of its capital in venture capital funds and meeting the same Oklahoma-based requirements as eligible venture capital companies.

Specifies that investment managers, eligible venture capital companies, and custodial banks must be selected through competitive solicitation of proposals and are exempt from the Oklahoma Central Purchasing Act.

Becomes effective November 1, 2025.