Oklahoma Capital Investment Board; dissolving Board upon certain date; transferring certain contracts and management of certain investments to certain board. Effective date.
SB 300 dissolves the Oklahoma Capital Investment Board on its effective date and transfers its contracts and management of investments to the Oklahoma Science and Technology Research and Development Board. The bill also updates statutory references and makes language gender-neutral without altering the underlying Capital Formation Act policies. This reorganization directly affects the dissolved board and the receiving board by ending the former's operations and assigning its duties to the latter. The change focuses solely on administrative structure, not policy substance.
Bill status
passed both
4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
Mar 2025
House Passage
May 2025
Governor
Introduced Feb 3, 2025
Last action May 12, 2025
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Floor (House)
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Floor (Senate)
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5 edits
MODERATE
This bill amends the Oklahoma Capital Investment Board statutes to dissolve the Board by a certain date and transfer its contracts, investments, and revolving fund to other state entities (the Oklahoma Science and Technology Research and Development Board and the Oklahoma Center for the Advancement of Science and Technology). The changes redefine key terms like 'Board' and 'Director' to reflect the new organizational structure and update governance requirements.
Scope change
The bill's scope shifts from maintaining the Oklahoma Capital Investment Board to dissolving it and transferring its functions and assets to other state entities.
SCOPE
The Oklahoma Capital Investment Board will be dissolved upon a certain date, ending its independent operation.
Contracts and management of certain investments will be transferred to the Oklahoma Science and Technology Research and Development Board.
A certain revolving fund will be transferred to the Oklahoma Center for the Advancement of Science and Technology.
DEFINITION
The definition of 'Board' now refers to the Oklahoma Capital Investment Board Science and Technology Research and Development Board instead of the original Board.
REQUIREMENT
Updated governance requirements for Board Directors, including appointment processes and term limits.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
23
Key actions
6
Committee
6
May 1, 2025
Committee
Referred for enrollment
upper
May 1, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 82 Nays: 1
lower
Apr 15, 2025
Lower · Passed
CR; Do Pass Government Oversight Committee
lower
Apr 8, 2025
Lower · Passed
Policy recommendation to the Government Oversight committee; Do Pass General Government
lower
Apr 1, 2025
Committee
Referred to General Government
lower
Mar 11, 2025
Introduced
First Reading
lower
Mar 11, 2025
Upper · Passed
Engrossed to House
upper
Mar 10, 2025
Committee
Referred for engrossment
upper
Mar 10, 2025
Upper · Passed
Measure passed: Ayes: 46 Nays: 0
upper
Feb 10, 2025
Upper · Passed
Reported Do Pass as amended Revenue and Taxation committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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