The Oklahoma College Athletic Conference Act establishes a new intercollegiate athletic conference in Oklahoma, specifically aimed at NCAA Division II institutions. The legislation creates the Oklahoma NCAA Division II Athletic Conference Exploration Commission, which will consist of ten members, primarily the presidents of various Oklahoma universities. This commission is tasked with conducting a comprehensive feasibility study to explore the potential for forming the new conference, considering factors such as member institutions, financial sustainability, and the impact on student-athletes. The commission is also authorized to hire independent consultants and engage with the NCAA to ensure compliance with regulations.

Additionally, the act establishes the Oklahoma NCAA Division II Athletic Conference Exploration Commission Revolving Fund, which will be used to finance the commission's activities, including studies and consultations. The commission is required to submit a detailed report to the Oklahoma Legislature within twelve months of its first meeting, outlining its findings and recommendations for the establishment of the new conference. The act emphasizes the importance of enhancing athletic competition, fostering community pride, and supporting student-athlete experiences while ensuring compliance with relevant regulations. An emergency clause is included, allowing the act to take effect immediately upon passage.