Bill > SB278

This bill establishes a compensation program for survivors of the 1921 Tulsa Race Massacre through the Oklahoma Department of Commerce. The program will provide each living survivor with a $2 million payment, and if a survivor dies before receiving the payment, their designated legatees or descendants can receive up to $2 million. The Oklahoma Department of Commerce will create and administer this program with assistance from nonprofit organizations and state agencies, and will work with a committee composed of a state senator, a state representative from the Greenwood District in Tulsa, and a member appointed by the Oklahoma Department of Commerce's Chief Executive Officer. The bill creates the Tulsa Race Massacre Victims' Compensation Revolving Fund in the State Treasury, which will be funded through state appropriations. For the fiscal year ending June 30, 2023, $4 million is appropriated to the fund to provide restitution to survivors of the massacre, which occurred on May 31-June 1, 1921, in Tulsa. The bill will become effective on July 1, 2025, but contains an emergency clause allowing it to take effect immediately upon passage and approval.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb278&Session=2600