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OK SB1169
Bill
AI Summary
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Dissolves the Oklahoma Capital Assets Management and Protection Board (OCAMP Board) and transfers its duties to the existing Long-Range Capital Planning Commission, which will now direct the Oklahoma Capitol Improvement Authority on utilization of capital assets maintenance funds
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Requires the Long-Range Capital Planning Commission to develop and update three five-year plans for maintaining state properties: the OCAMP Higher Education Plan (45% of funds), OCAMP Tourism and Recreation Plan (10%), and OCAMP State Plan (45%)
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Revises higher education fund allocations for fiscal year 2026: 20% to research universities (split evenly between HBCUs and others), 35% to two-year institutions, and 45% to four-year colleges excluding OU-Norman and OSU-Stillwater
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Eliminates the previous $75 million annual cap on allocations from the Oklahoma Capital Assets Maintenance and Protection Fund for fiscal years 2026-2028
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Effective July 1, 2025, with an emergency clause for immediate implementation upon passage and approval
Legislative Description
State property; Long-Range Capital Planning Commission; prescribing duties of the Commission; dissolving the Oklahoma Capital Assets Maintenance and Protection Act. Effective date. Emergency.
Last Action
Becomes law without Governor's signature 05/29/2025
5/29/2025