Bill
Bill > SB1639
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to boards and commissions; amending 68 O.S. 2021, Section 2357.7, which relates to credit for investments in qualified venture capital companies; removing certain authority for the Oklahoma Capital Investment Board; amending 74 O.S. 2021, Section 85.42, as amended by Section 9, Chapter 336, O.S.L. 2025 (74 O.S. Supp. 2025, Section 85.42), which relates to the exceptions on the one-year limitation on entering contracts with certain persons; removing certain reference; amending 74 O.S. 2021, Section 3601.1, as last amended by Section 36, Chapter 29, O.S.L. 2023 (74 O.S. Supp. 2025, Section 3601.1), which relates to employees; deleting reference to the Oklahoma Capital Investment Board allowable employees; updating statutory language; updating statutory reference; repealing 63 O.S. 2021, Sections 1-236, 1-237, 1-237.1, and 1-238, which relate to definitions used in the Joint Legislative Committee for Review of Coordination of Efforts for Prevention of Adolescent Pregnancy and Sexually Transmitted Diseases, the coordinating council for the joint committee, the Postponing Sexual Involvement for Young Teens program, and the state plan for the committee; repealing 70 O.S. 2021, Sections 3-117.1, 3-117.2, and 3-117.3, which relate to the School Finance Review Commission Act, creation of the School Finance Review Commission, and duties of the Commission; providing an effective date; and declaring an emergency.
AI Summary
This bill makes several changes to Oklahoma law, primarily by repealing certain boards and commissions and adjusting existing statutes. It removes the authority of the Oklahoma Capital Investment Board to certify entities as qualified venture capital companies and investments as qualifying Oklahoma business ventures, which impacts tax credits for investments in these companies. The bill also removes a reference to the Oklahoma Capital Investment Board in a statute concerning exceptions to limitations on entering contracts with former state employees, and it deletes a reference to the Oklahoma Capital Investment Board's allowable employees from a statute that sets limits on the number of state employees. Additionally, the bill repeals several sections of law related to the Joint Legislative Committee for Review of Coordination of Efforts for Prevention of Adolescent Pregnancy and Sexually Transmitted Diseases and the School Finance Review Commission, effectively eliminating these bodies. The bill also includes an emergency clause, meaning it will take effect immediately upon passage and approval, and sets a general effective date of July 1, 2026.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Placed on General Order (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1639&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20FLR/SFLR/SB1639%20SFLR.PDF |
| Committee Amendment 1 | https://www.oklegislature.gov/cf_pdf/2025-26%20COMMITTEE%20AMENDMENTS/Senate/SB1639%20CA1.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1639%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1639%20INT.PDF |
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