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OK SB177
Bill
Status
2/3/2025
Primary Sponsor
Regina Goodwin
Click for details
AI Summary
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Creates the "Morrill Act of 1890 Revolving Fund" for the Oklahoma State Regents for Higher Education to distribute funds to Oklahoma's historically Black land-grant institutions established under the Morrill Act of 1890
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Appropriates $418,986,272 from the General Revenue Fund for fiscal year ending June 30, 2026, for equitable distribution to 1890 land-grant institutions
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Establishes the fund as a continuing fund not subject to fiscal year limitations, allowing unspent monies to carry over
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Requires expenditures to be made through warrants issued by the State Treasurer with approval from the Office of Management and Enterprise Services
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Effective date of July 1, 2025, with an emergency clause allowing immediate effect upon passage and approval
Legislative Description
Oklahoma State Regents for Higher Education; creating revolving fund; making an appropriation to revolving fund. Effective date. Emergency.
Last Action
Second Reading referred to Appropriations
2/4/2025