Bill No. 2749 establishes the Intergenerational Education Revolving Fund within the Oklahoma Health Care Authority, aimed at enhancing intergenerational education programs in collaboration with nursing facilities and public school districts. The fund will be a continuous source of financing, not limited by fiscal year constraints, and will consist of all legally directed deposits. The Oklahoma Health Care Authority is tasked with budgeting and expending these funds for the program, which will operate as a competitive grant initiative to improve nursing facilities and expand educational opportunities.

The bill outlines the creation of the Intergenerational Education Program, which will set eligibility criteria and an application process for grants. These grants may be awarded as rate adjustments to qualifying nursing facilities participating in Oklahoma's Medicaid Program, with the total amount of awards not exceeding the funds available in the Revolving Fund. The Oklahoma Health Care Authority is also authorized to create necessary rules and procedures for the program's implementation. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate enforcement upon passage.