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 the Department of Commerce to create a compensation program for survivors and descendants of the 1921 Tulsa Race Massacre. The bill establishes a "Tulsa Race Massacre Compensation Revolving Fund" to provide payments for damages to persons and property during the massacre. The program requires the Department of Commerce to work with a committee (including Tulsa-area legislators and community representatives) to administer applications and payments. Funds will be used solely for reparations related to the 1921 events, with expenditures approved through standard state financial processes.