OK HB3126

Commissioners of the Land Office must annually transfer permanent school fund monies to the Oklahoma State Regents for Higher Education to fund concurrent enrollment in college courses for eligible high school students, beginning fiscal year ending June 30, 2027

Creates the "Concurrent Enrollment Revolving Fund" as a continuing fund to hold bonus and delay rental income from oil and gas leases, with monies invested by the State Treasurer and interest credited back to the fund

Oklahoma State Regents for Higher Education determines the funding amount needed based on permanent school fund revenues not already allocated for common schools

Funds transferred for concurrent enrollment are excluded from the State Apportionment calculation when determining school districts' Foundation Program Income for State Aid purposes

Effective date of July 1, 2026, with an emergency clause for immediate implementation upon passage