Bill > HB2024

This bill establishes the Oklahoma Space Renaissance Act, which provides significant financial appropriations to the Oklahoma Space Industry Development Authority (OSIDA) for fiscal year 2026. Specifically, the bill allocates $1.3 million for general operational duties, $35 million for infrastructure investments at the Oklahoma Air and Space Port to support spacecraft testing, launching, and science, technology, engineering, and math (STEM) engagement activities, and $15 million for infrastructure and programmatic investments in a microgravity research consortium. This consortium will focus on applied science commercialization at the Oklahoma City Innovation District, in partnership with Oklahoma-based independent research institutes. The bill is designed to boost Oklahoma's space industry and research capabilities, with an effective date of July 1, 2025, and an emergency clause that allows immediate implementation upon passage. The legislation aims to position Oklahoma as a competitive player in the emerging commercial space sector by investing in infrastructure, research, and educational opportunities.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2024&Session=2600