This bill amends Section 5060.6 of Title 74 of the Oklahoma Statutes, which pertains to the board of directors for the Oklahoma Center for the Advancement of Science and Technology (OCAST). The key change introduced by the bill is the establishment of a new provision that allows for select board members to serve two-year terms beginning June 30, 2026. Specifically, two members appointed by the Governor, one member appointed by the President Pro Tempore of the Senate, and one member appointed by the Speaker of the House of Representatives will serve these two-year terms. After the expiration of these terms, those positions will revert to the standard four-year terms.

Additionally, the bill maintains the existing structure of the board, which consists of nine members, and emphasizes the importance of diversity in appointments by considering race, gender, and geographical representation. The bill also declares an emergency, allowing it to take effect immediately upon passage and approval, ensuring that the changes to the board's term structure can be implemented without delay.