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OK SB1429
Bill
AI Summary
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Defines "public school foundation" as a nonprofit entity formed under Oklahoma law that is tax-exempt under IRS Section 501(c)(3) or Section 509(a)
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Authorizes public school foundations to expend funds on behalf of public school districts for professional development, scholarships for employees and students, literacy initiatives, STEM equipment and supplies, technology hardware/software, and summer camp and conference fees for personnel
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Creates new Section 5-300 of Title 70 in Oklahoma Statutes
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Effective date of July 1, 2026, with emergency clause allowing immediate effect upon passage and approval
Legislative Description
Schools; allowing public school foundations to expend funds for certain purposes. Effective date. Emergency.
Last Action
Coauthored by Representative Newton (principal House author)
2/11/2026