Bill > SB1169

This bill restructures the management of state capital assets by dissolving the Oklahoma Capital Assets Management and Protection Board (OCAMP Board) and transferring its responsibilities to the Long-Range Capital Planning Commission. The bill modifies how funds from the Oklahoma Capital Assets Maintenance and Protection Fund are allocated, specifically changing the distribution percentages for higher education institutions. For fiscal year 2026, the Commission will now allocate 45% of funds to higher education, with more nuanced sub-allocations that include specific percentages for historically black colleges, research universities, two-year institutions, and other four-year colleges. The bill also requires the Commission to develop and update five-year plans for maintaining and repairing state-owned properties, including plans for higher education, tourism and recreation, and general state properties. Additionally, the legislation removes previous fiscal year allocation limitations and ensures that the Oklahoma Capitol Improvement Authority can continue to manage and utilize the maintenance and protection fund under the Commission's guidance. The changes aim to provide more flexible and strategic management of state capital assets, with improved planning and allocation of resources across different state institutions and property types.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1169&Session=2600