Bill No. 1054 amends the Tulsa Reconciliation Education and Scholarship Program to broaden eligibility criteria and update various provisions. The bill expands scholarship eligibility to include qualified students from any public school district in the United States who are direct lineal descendants of individuals affected by the 1921 Tulsa Race Massacre, in addition to residents of the Tulsa School District. The income limit for applicants has been raised from $70,000 to $125,000 per year, with no income limit for direct lineal descendants. The verification process for lineage documentation is modified, and the application form must now include specific language regarding the 1921 Tulsa Race Massacre.

The bill also establishes a community advisory committee to assist in selecting scholarship recipients, prioritizing applicants who are direct lineal descendants of massacre victims. It clarifies the funding and allocation of scholarship awards, allowing remaining funds to cover additional educational costs beyond tuition. Furthermore, it amends the priority system for awarding financial support, ensuring that participants who have previously received awards and met eligibility requirements are prioritized over first-time applicants. The language "an absolute" has been removed, and "residents" has been replaced with "students" to broaden the applicant scope. An emergency clause is included, indicating the bill's immediate effect upon passage and approval, highlighting the urgency of these changes for eligible participants.