Bill No. 2439 amends existing Oklahoma statutes to exempt the Oklahoma Historical Society from the Oklahoma State Government Asset Reduction and Cost Savings Program and the Long-Range Capital Planning Commission's requirements. Specifically, it modifies 62 O.S. 2021, Section 908, to include the Oklahoma Historical Society among the entities exempt from compliance with the reporting provisions of the asset reduction program. Additionally, it amends 74 O.S. 2021, Section 61.8, to ensure that any state-owned properties associated with the Oklahoma Historical Society are not subject to the same regulations as other state properties, particularly regarding leasing and property transfers.

The bill also establishes the Maintenance of State Buildings Revolving Fund, which will be used for maintaining state-owned properties and acquiring necessary information technology resources, with a cap on IT expenditures set at $100,000. The effective date for this act is November 1, 2025. Overall, the bill aims to protect the interests of the Oklahoma Historical Society while streamlining the management of state-owned properties.

Statutes affected:
Introduced: 62-908
Floor (House): 62-908
Engrossed: 62-908