Oklahoma State Regents for Higher Education; making an appropriation; prescribing expenditures. Effective date. Emergency.

This bill allocates $56.25 million from the Oklahoma Capital Assets Maintenance and Protection Fund to the Oklahoma State Regents for Higher Education. The funds are divided equally, with $39.375 million designated for four-year colleges and universities excluding the University of Oklahoma and Oklahoma State University, and $16.875 million allocated for two-year institutions based on a spending plan submitted by May 31, 2024. The legislation takes effect on July 1, 2024, and includes an emergency clause to allow immediate implementation upon approval.