Oklahoma Science and Technology and Development Act; authorizing the Oklahoma Center for the Advancement of Science and Technology (OCAST) to establish the Doctoral Retention Grant Program. Effective date.

SB 754 authorizes Oklahoma's OCAST to create the Doctoral Retention Grant Program, providing competitive grants to doctoral degree holders who commit to staying in Oklahoma to support the state's science and technology mission. The program prohibits duplicate funding with existing incentives and requires recipients to fulfill their proposed service commitments, with a reimbursement requirement (clawback) if they fail to do so. It establishes a revolving fund in the state treasury to finance grants and OCAST's administrative costs, with all funds designated for this purpose. The bill aims to retain doctoral talent in Oklahoma without overlapping with current state incentive programs.