The bill amends the Tulsa Reconciliation Education and Scholarship Program, which provides scholarships to residents of the Tulsa School District and qualified descendants of individuals affected by the 1921 Tulsa Race Massacre. Key changes include raising the income eligibility limit from $70,000 to $125,000 per year, exempting direct lineal descendants from income limits, and allowing the use of the Free Application for Federal Student Aid (FAFSA) for income verification. Additionally, it expands eligibility to students from any public school district in the U.S. who are direct lineal descendants of victims and establishes a community advisory committee to assist in selecting scholarship recipients.

The bill also modifies the annual cap on eligible participants from 300 to three hundred (300) and stipulates that awards will be based on need if funds are insufficient. It clarifies that remaining scholarship funds can cover various educational costs beyond tuition, such as fees and textbooks. Furthermore, it prioritizes participants who have previously received awards for continued support, while ensuring that direct lineal descendants of eligible participants receive first priority for scholarships. The bill is designated as an emergency measure, taking effect immediately upon passage and approval.