The bill amends existing laws related to the accreditation of private and certain out-of-state educational institutions in Oklahoma. It introduces a new definition for "religious degree-granting institution," which must be domiciled in the U.S. or its territories, exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, and offer degrees that meet specific criteria. The bill also modifies the requirements for accreditation, stating that all private and out-of-state public degree-granting institutions must be accredited by a recognized agency and domiciled in the U.S. Additionally, it establishes that the Oklahoma State Regents for Higher Education will set necessary policies and procedures to ensure these institutions meet standards of academic quality, student consumer protection, and fiscal responsibility.

Furthermore, the bill exempts certain institutions from accreditation requirements, including private institutions participating in the Oklahoma Tuition Equalization Grant program, out-of-state institutions under a state authorization reciprocity agreement, and religious degree-granting institutions that meet specific criteria. It also clarifies that non-exempt institutions engaged in non-degree-granting activities will be subject to standards administered by the Oklahoma Board of Private Vocational Schools. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.

Statutes affected:
Introduced: 70-4103, 70-4104
Floor (House): 70-4103, 70-4104
Floor (Senate): 70-4103, 70-4104
Engrossed: 70-4103, 70-4104
Enrolled (final version): 70-4103, 70-4104