Department of Commerce; making appropriation; providing for implementation of program of compensation related to the Tulsa Race Massacre. Effective date. Emergency.

SB 74 appropriates $300 million from Oklahoma's General Revenue Fund to create the Tulsa Race Massacre Compensation Revolving Fund. The fund will provide payments to survivors of the 1921 Tulsa Race Massacre and their descendants for damages to persons and property during the event. The Oklahoma Department of Commerce will administer the program with input from a committee of nine community representatives, including Tulsa-area legislators and experts. The bill takes effect July 1, 2025, and declares an emergency to expedite implementation.