Bill
Bill > SB1378
OK SB1378
OK SB1378State 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
02/02/2026
In Committee
02/18/2026
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1378&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20FLR/SFLR/SB1378%20SFLR.PDF |
| Fiscal Note/Analysis - Senate: SB1378 INT FI (2) | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB1378%20INT%20FI%20(2).PDF |
| Fiscal Note/Analysis - Senate: SB1378 INT FI | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB1378%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1378%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1378%20INT.PDF |
Loading...