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OK SB177
Bill
Status
2/3/2025
Primary Sponsor
Regina Goodwin
Click for details
AI Summary
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Creates the "Morrill Act of 1890 Revolving Fund" under the Oklahoma State Regents for Higher Education to be codified as Section 3915 of Title 70.
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Establishes the fund as a continuing fund not subject to fiscal year limitations, consisting of legislative appropriations for distribution to Oklahoma's 1890 land-grant institutions.
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Appropriates $418,986,272.00 from the General Revenue Fund for fiscal year ending June 30, 2026, to provide equitable distribution of funds to 1890 land-grant institutions.
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Allows expenditures from the fund to be made by warrant issued by the State Treasurer against claims filed with the Director of the Office of Management and Enterprise Services.
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Becomes effective July 1, 2025, with an emergency declaration allowing it to take effect upon passage and approval.
Legislative Description
Oklahoma State Regents for Higher Education; creating revolving fund; making an appropriation to revolving fund. Effective date. Emergency.
Last Action
Second Reading referred to Appropriations
2/4/2025