State government; creating certain revolving fund; creating the Oklahoma Talent Recruitment Program; specifying certain eligibility requirements. Effective date. Emergency.

Updated the header to reflect the bill is in its 'Engrossed' stage and added the names of the Senate and House sponsors.

Expanded the definition of 'Eligible applicant' to explicitly include counties with populations under 500,000 and nonprofit corporations focused on economic or community development.

Added a population cap for municipalities (under 150,000) to define their eligibility for the program.

Clarified that the $250,000 grant limit applies to the total funds awarded to a single eligible applicant in a fiscal year, not just to a single municipality.

Added a new subsection requiring recipients to submit semiannual reports detailing household applications, approvals, costs, demographics, and verification of relocations.

Added a specific provision allowing the Department to require repayment of grant funds plus interest if the recipient fails to meet household goals or uses funds for unauthorized purposes.