The bill amends the Tulsa Reconciliation Education and Scholarship Program by broadening eligibility criteria and enhancing the program's scope. It allows for the awarding of up to three hundred scholarships to 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, expanding beyond just residents of the Tulsa School District. The income limit for applicants has been raised from $70,000 to $125,000, with no income limit imposed on direct lineal descendants. Additionally, the bill modifies the verification process for lineage documentation and mandates that the application form includes specific language regarding the 1921 Tulsa Race Massacre.

Furthermore, the bill establishes a community advisory committee to aid in the selection of scholarship recipients, ensuring diverse representation from educational and community backgrounds. It directs the Oklahoma State Regents for Higher Education to prioritize applicants who are direct lineal descendants of massacre victims and outlines the scholarship awarding process, allowing funds to be used for higher education and postsecondary career and technology education programs. The bill maintains the annual cap on eligible participants at three hundred while ensuring that awards are distributed based on need if funds are insufficient. It also specifies that previously awarded participants who continue to meet eligibility requirements will have priority for continued support, with first priority given to direct lineal descendants of eligible participants. The bill is set to take effect immediately upon passage and approval, highlighting its urgency for public welfare.