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OK SB2051
Bill
Status
2/2/2026
Primary Sponsor
Kristen Thompson
Click for details
AI Summary
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Creates the Oklahoma Research Attraction Program (ORAP) administered by the Oklahoma State Regents for Higher Education to provide matching funds for private gifts that enhance research productivity and faculty recruitment
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Eligible institutions include all higher education institutions within The Oklahoma State System of Higher Education
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Qualifying gifts include cash, marketable securities, closely held securities, partnership interests, personal property, real property, mineral rights, and life insurance proceeds, subject to federal foreign investment laws (FIRRMA 2018 and Comprehensive Outbound Investment National Security Act of 2025)
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Matching grants may be used for educational and general activities including research and student services, with unused funds carrying over to subsequent fiscal years
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Establishes the ORAP Revolving Fund in the State Treasury as a continuing fund not subject to fiscal year limitations, effective November 1, 2026
Legislative Description
Higher education; creating the Oklahoma Research Attraction Program; providing eligibility for certain matching grants. Effective date.
Last Action
Second Reading referred to Education Committee then to Appropriations Committee
2/3/2026