Resolution 1037, introduced by Woolley, proposes an amendment to the Oklahoma Constitution that would grant the Legislature the authority to freeze, suspend, or withhold up to 100% of state-appropriated funds allocated to institutions within the Oklahoma State System of Higher Education. This action would require a joint resolution passed by a majority vote in both the Oklahoma State Senate and House of Representatives, along with gubernatorial approval. The resolution would specify the institution affected, the percentage of funds to be withheld, and the duration of the action, which cannot exceed two years. Funding would automatically resume after this period unless modified by a subsequent resolution.

The proposed amendment clarifies that the freeze, suspension, or withholding of funds would only apply to state-appropriated funds and would not impact federal funds, private donations, or other non-state revenues. Additionally, the Legislature would have the ability to lift or modify the freeze at any time through a majority vote. The resolution includes a ballot title for public approval, asking voters whether they support this constitutional change, which aims to provide the Legislature with more control over funding for higher education institutions in Oklahoma.