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Bill > SB2051
OK SB2051
OK SB2051Higher education; creating the Oklahoma Research Attraction Program; providing eligibility for certain matching grants. Effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to higher education; creating the Oklahoma Research Attraction Program (ORAP) to be administered by the Oklahoma State Regents for Higher Education; providing purpose; defining terms; providing eligibility for certain matching grant subject to available funding; providing for use of matching grant; allowing an institution to use a matching grant in certain fiscal years; providing for promulgation of rules; creating the Oklahoma Research Attraction Program (ORAP) Revolving Fund; specifying source of fund; providing for expenditures; providing purpose of fund; providing for codification; and providing an effective date.
AI Summary
This bill establishes the Oklahoma Research Attraction Program (ORAP), which will be managed by the Oklahoma State Regents for Higher Education to boost research capabilities at Oklahoma's higher education institutions. The program aims to attract private donations, referred to as "gifts" (which can include cash, securities, property, and other assets), by offering matching grants from a newly created ORAP Revolving Fund. These grants are intended to leverage private funding to enhance research productivity and recruit faculty, and can be used for educational and general activities like research and student services. Institutions can use these matching grants in the fiscal year they are awarded or in subsequent years, and the State Regents will create rules to oversee the program. The ORAP Revolving Fund will be financed by legislative appropriations and will be a continuing fund, meaning it won't be subject to yearly limitations. The bill also specifies that private gifts must comply with federal acts related to foreign investment risk and outbound investment security. This legislation is set to take effect on November 1, 2026.
Committee Categories
Education
Sponsors (2)
Last Action
Second Reading referred to Education Committee then to Appropriations Committee (on 02/03/2026)
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=sb2051&Session=2600 |
| Fiscal Note/Analysis - Senate: SB2051 INT FI | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB2051%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB2051%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB2051%20INT.PDF |
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