Broadband; modifying certain funding source; deleting State Broadband Grant Program Revolving Fund; effective date.

HB 1123 modifies Oklahoma's broadband funding structure by deleting the "State Broadband Grant Program Revolving Fund" and shifting grant program funding to administrative expenses from applicable federal programs. The bill establishes a Broadband Governing Board (with a 2028 termination date) to oversee the Oklahoma Broadband Office, approve grant programs, and manage the Statewide Broadband Plan. It requires grant recipients to provide service as promised and includes clawback provisions for non-compliance, but eliminates the revolving fund previously used to finance grants. This directly affects broadband grant applicants, the Oklahoma Broadband Office, and state funding mechanisms for expanding rural internet access. The bill takes effect November 1, 2025.