Oklahoma legislation · 2026 Regular Session
Oklahoma HB4392: Aerospace; creating the Sustainable Emerging Aviation Services Investment Program; creating the Sustainable Emerging Aviation Services Investment Program Revolving Fund; effective date.
Status: In committee, April 1, 2026
What the bill says
An Act relating to aerospace; creating the Sustainable Emerging Aviation Services Investment Program; defining terms; requiring certain designations; requiring specific requirements be met; allowing for certain investments; prohibiting certain investments; providing for the promulgation of rules; creating the Sustainable Emerging Aviation Services Investment Program Revolving Fund; establishing revolving fund characteristics; declaring funds appropriated; providing for codification; and providing an effective date.
From the engrossed text, March 26, 2026:
An Act relating to aerospace; creating the Sustainable Emerging Aviation Services Investment Program; defining terms; requiring certain designations; requiring specific requirements be met; allowing for certain investments; prohibiting certain investments; providing for the promulgation of rules; creating the Sustainable Emerging Aviation Services Investment Program Revolving Fund; establishing revolving fund characteristics; declaring funds appropriated; providing for codification; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 600 of Title 3, unless there is created a duplication in numbering, reads as follows: This act shall be known and may be cited as the "Sustainable Emerging Aviation Services Investment Program (SEA SIP)". SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 601 of Title 3, unless there is created a duplication in numbering, reads as follows: As used in this act: ENGR. H. B. NO. 4392 Page 1. "Advanced Air Mobility" or "AAM" shall mean the definition found in the FAA Reauthorization Act of 2024, P.L. 118-63, Section 951; 138 Stat. 1375; 2. "Department" shall refer to the Oklahoma Department of Aerospace and Aeronautics; 3. "Emerging Aviation Services" shall refer to either AAM, SUAS, or nontraditional aircraft; 4. "Nontraditional …