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OK HB3709
Bill
Status
2/2/2026
Primary Sponsor
Chad Caldwell
Click for details
AI Summary
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State educational institutions within the Oklahoma State System of Higher Education must deposit 5% of total construction costs into a general maintenance fund when constructing any new building
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Maintenance fund money can be used for general upkeep or maintenance of any buildings owned by the institution, not limited to the specific new construction that generated the funds
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Required deposits must be in addition to existing maintenance funding and cannot replace or reduce current funding levels
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State Regents for Higher Education will withhold all state-appropriated funds from non-compliant institutions until they meet the requirement, and will conduct annual compliance audits
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Effective date of July 1, 2026, with an emergency clause for immediate effect upon passage and approval
Legislative Description
Higher education; state educational institutions; general maintenance fund for buildings; new construction; State Regents for Higher Education; state-appropriated funds; noncompliance; effective date; emergency.
Last Action
Second Reading referred to Rules
2/3/2026