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OK SB1378
Bill
Status
3/10/2026
Primary Sponsor
Kristen Thompson
Click for details
AI Summary
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Creates the "Olympics in Oklahoma Revolving Fund" in the State Treasury under the Oklahoma Department of Commerce for hosting the 2028 Olympic Games
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Fund operates as a continuing fund not subject to fiscal year limitations, accepting appropriations, donations, grants, and other funding sources
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Requires at least 5% of all funds dispensed to be awarded to contracts fulfilled by Oklahoma-based businesses, subject to Department of Commerce approval
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Effective date of July 1, 2026, with an emergency clause allowing immediate effect upon passage and approval
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Passed the Oklahoma Senate on March 9, 2026
Legislative Description
State government; creating the Olympics in Oklahoma Revolving Fund; requiring certain disbursal of monies on certain approval of the Department of Commerce. Effective date. Emergency.
Last Action
First Reading
3/10/2026