This bill amends Section 13A-106 of Title 26 of the Oklahoma Statutes, which outlines the eligibility requirements for candidates seeking election to the board of education of school districts and technology center school districts. The amendments establish that, starting May 1, 1990, candidates must possess a high school diploma or a certificate of high school equivalency. Additionally, it specifies that candidates must have resided in the relevant district for at least six months prior to the filing period and must be registered voters within the district.

Furthermore, the bill introduces new eligibility restrictions that take effect immediately, disqualifying individuals from being candidates for or elected to the board of education if they have a five percent or greater interest in any company or business involved in the issuance of bonds or the construction/remodeling of facilities for school districts or technology center school districts in Oklahoma. This aims to prevent conflicts of interest and ensure that board members are not financially tied to entities that could benefit from their decisions.