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OK SB1378

OK SB1378
State government; creating the Olympics in Oklahoma Revolving Fund; requiring certain disbursal of monies on certain approval of the Department of Commerce. Effective date.


summary

Introduced
02/02/2026
In Committee
02/18/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

state government - Revolving Fund - disbursal - codification - effective date - emergency

AI Summary

This bill establishes the "Olympics in Oklahoma Revolving Fund" within the Oklahoma Department of Commerce, which will be a continuously available fund for hosting the 2028 Olympic Games, receiving money from appropriations, donations, grants, and other sources. Expenditures from this fund will require approval from the Department of Commerce, and at least five percent of all money spent must be awarded to contracts fulfilled by businesses located within Oklahoma. The bill also specifies an effective date of July 1, 2026, and declares an emergency to allow the act to take effect immediately upon passage and approval for the preservation of public peace, health, or safety.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

Placed on General Order (on 02/23/2026)

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