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OK HB4003
Bill
Status
2/2/2026
Primary Sponsor
Trey Caldwell
Click for details
AI Summary
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Eliminates the Board of Directors of the Tobacco Settlement Endowment Trust (TSET) and transfers its duties to the Board of Investors, consolidating governance of the trust fund
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Limits venture capital investments to no more than 10% of the total trust value at the time of investment
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Creates the TSET Legacy Effort Revolving Fund under the State Department of Health to fund grants for entities that received TSET grant awards during calendar year 2025
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Exempts Legacy Effort Grants from the Oklahoma Central Purchasing Act and keeps grant solicitations and applications confidential until award announcements
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Becomes effective only upon voter adoption of the State Question created by HJR 1077 of the 60th Oklahoma Legislature
Legislative Description
Tobacco Settlement Endowment Trust; creatin the Funding the Future of Oklahoma TSET Modernization Act; effective date.
Last Action
Authored by Senator Hall (principal Senate author)
3/9/2026