State government; creating the Olympics in Oklahoma Revolving Fund; requiring certain disbursal of monies on certain approval of the Department of Commerce. Effective date. Emergency.

Summary

The bill establishes the Olympics in Oklahoma Revolving Fund in the State Treasury, funded by appropriations, donations, grants and other sources to support hosting the 2028 Olympic Games. The Oklahoma Department of Commerce must approve disbursements, and at least five percent of all money spent must go to contracts with Oklahoma‑based businesses. The fund is continuous, not limited by fiscal year, and takes effect on July 1 2026 with an emergency declaration.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share