Bill > HB4072

Introduced Session

An Act related to public finance; creating the Taxpayer Endowment Trust Fund Act; authorizing certain reference; announcing legislative intent; defining terms; creating the Taxpayer Endowment Trust Fund; establishing revolving fund characteristics; requiring interest and income be retained by the trust fund; providing for administration, management, and oversight of the trust fund; requiring certain investment standards; requiring diversification of investments and other risk management efforts; providing exception; authorizing delegation of certain authorities; limiting delegation by certain standard; defining scope of investment authority; authorizing certain actions by the State Treasurer related to employment and contracting; making efforts subject to certain approval; requiring the establishment of guidelines and investment policies; exempting certain contracting from the Oklahoma Central Purchasing Act; requiring certain written process; requiring certain administrative support be provided; limiting administrative support; authorizing certain reimbursements from certain assets; requiring investments follow a written policy including certain goals; requiring delivery of policy and modifications of such policy to certain entities following certain timelines; requiring the publishing of annual reports under manner and timelines; requiring certain elements be included in report; limiting utilization and disposition of trust fund assets; providing exceptions; requiring certain computations, communications, and deposits of distributable earnings under certain conditions; establishing timeline for certain communications and deposits; requiring certain action of the State Board of Equalization; limiting the reduction of corpus; amending 62 O.S. 2021, Section 34.102, which relates to the Revenue Stabilization Fund; clarifying terminology associated with fund deposits; amending 62 O.S. 2021, Section 34.103, as amended by Section 1, Chapter 307, O.S.L. 2025 (62 O.S. Supp. 2025, Section 34.103), which relates to revenue certification and apportionment by the State Board of Equalization; modifying certain calculations and apportionments; amending 62 O.S. 2021, Section 71.1, as amended by Section 4, Chapter 308, O.S.L. 2025 (62 O.S. Supp. 2025, Section 71.1), which relates to the Invest in Oklahoma Board; requiring the fulfillment of certain duties; amending 62 O.S. 2021, Section 2402, as amended by Section 2, Chapter 308, O.S.L. 2025 (62 O.S. Supp. 2025, Section 2402), which relates to public entities authorized to participate in the Invest in Oklahoma Program; authorizing participation by the Taxpayer Endowment Trust Fund; modifying certain apportionments; amending 68 O.S. 2021, Section 1004, as last amended by Section 2, Chapter 490, O.S.L. 2025 (68 O.S. Supp. 2025, Section 1004), which relates to the apportionment of proceeds from the gross production tax on oil and natural gas; modifying apportionments; adding apportionments; amending 68 O.S. 2021, Section 2352, which relates to the apportionment of proceeds from the income tax on corporations; modifying apportionment and adding apportionment; providing for severability; and providing for codification. SUBJECT: Public finance

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Trey Caldwell (R)*,  Chuck Hall (R)*,  John Haste (R),  John Kane (R), 

Sent to Governor (on 04/16/2026)

Official Document