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

HB 1123 deletes Oklahoma's State Broadband Grant Program Revolving Fund, which previously provided dedicated funding for broadband expansion grants. The bill eliminates this special fund in the state treasury, redirecting how grant programs are financed. This change directly affects the Oklahoma Broadband Office and future grant recipients by removing a specific funding source for expanding high-speed internet access in unserved and underserved areas. The bill also modifies the Broadband Governing Board's structure but focuses primarily on ending the revolving fund mechanism. It becomes effective November 1, 2025.