Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1378 By: Thompson
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6 AS INTRODUCED
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7 An Act relating to state government; creating the
7 Olympics in Oklahoma Revolving Fund; providing for
8 source of monies for certain fund; requiring certain
8 disbursal of monies on certain approval of the
9 Oklahoma Department of Commerce; providing for
9 codification; providing an effective date; and
10 declaring an emergency.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. NEW LAW A new section of law to be codified
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14 in the Oklahoma Statutes as Section 5013.4 of Title 74, unless there
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15 is created a duplication in numbering, reads as follows:
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16 A. There is hereby created in the State Treasury a revolving
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17 fund for the Oklahoma Department of Commerce to be designated the
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18 "Olympics in Oklahoma Revolving Fund". The fund shall be a
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19 continuing fund, not subject to fiscal year limitations, and shall
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20 consist of all monies received by the Department from
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21 appropriations, donations, grants, and other sources of funding for
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22 the purpose of hosting the 2028 Olympic Games. Expenditures from
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23 the fund shall be made upon warrants issued by the State Treasurer
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24 against claims filed as prescribed by law with the Director of the
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Req. No. 3331 Page 1
1 Office of Management and Enterprise Services for approval and
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2 payment.
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3 B. Subject to approval by the Oklahoma Department of Commerce,
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4 no less than five percent (5%) of all funds dispensed from the fund
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5 shall be awarded to contracts fulfilled by Oklahoma-based
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6 businesses.
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7 SECTION 2. This act shall become effective July 1, 2026.
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8 SECTION 3. It being immediately necessary for the preservation
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9 of the public peace, health or safety, an emergency is hereby
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10 declared to exist, by reason whereof this act shall take effect and
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11 be in full force from and after its passage and approval.
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13 60-2-3331 BRC 12/30/2025 5:10:17 PM
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Req. No. 3331 Page 2Every fact on this page links to its source, starting with the official bill record.