OK SB1169

Dissolves the Oklahoma Capital Assets Management and Protection Board and transfers its duties to the Long-Range Capital Planning Commission, effective July 1, 2025.

Requires the Long-Range Capital Planning Commission to develop and update five-year plans for allocating Oklahoma Capital Assets Maintenance and Protection Fund monies to higher education (45%), tourism and recreation (10%), and state properties (45%).

Eliminates fiscal year allocation limitations and removes the prior $75,000,000 annual spending cap for fiscal years 2026 through 2028, allowing the OCAMP Fund to become a continuing fund not subject to fiscal year limits.

Changes staffing direction from the Oklahoma State Bond Advisor to the Deputy Treasurer for Debt Management to assist the Commission with capital planning and budgeting functions.

Declares an emergency effective immediately upon passage and approval, with the bill taking full effect on July 1, 2025.