The bill amends the Tulsa Reconciliation Education and Scholarship Program to expand eligibility and modify various criteria for scholarship applicants. It allows for up to 300 scholarships to be awarded not only to residents of the Tulsa School District but also to qualified students from any public school district in the United States who are direct lineal descendants of individuals affected by the 1921 Tulsa Race Massacre. The income limit for applicants has been increased from $70,000 to $125,000, and there will be no income limit for direct lineal descendants. The bill also mandates that the Oklahoma State Regents for Higher Education prioritize applicants who are direct descendants of victims of the massacre and requires the establishment of a community advisory committee to assist in the selection process.

Additionally, the bill updates the process for verifying lineage documentation and specifies that the application form must include language identifying direct descendants of victims of the 1921 Tulsa Race Massacre. It allows for the use of the Free Application for Federal Student Aid (FAFSA) to verify income and outlines the composition and appointment process for the advisory committee. The bill emphasizes that scholarship funds can be used for various educational costs beyond tuition, including fees and room and board, and ensures that previous recipients of the scholarship are given priority for continued support. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.