This bill amends Oklahoma law concerning boards and commissions, particularly the Oklahoma Capital Investment Board, by removing its authority to certify qualified venture capital companies and investments, which was previously necessary for tax credit eligibility. It also updates statutory language, repeals outdated provisions related to adolescent pregnancy prevention and the School Finance Review Commission, and eliminates certain employee provisions for the Oklahoma Capital Investment Board.

Furthermore, the bill introduces a one-year prohibition on contracts with former employees of state agencies and establishes new certification requirements to prevent conflicts of interest in state contracting. It clarifies definitions related to employee classifications and the maximum number of full-time-equivalent employees for various state agencies. The bill repeals several sections from Title 63 and Title 70 of the Oklahoma Statutes, indicating a significant legislative shift. It is set to take effect on July 1, 2026, but includes an emergency clause for immediate enactment upon passage and approval.

Statutes affected:
Introduced: 74-85.42, 74-3601.1