Oklahoma legislation · 2026 Regular Session
Oklahoma SB1378: State government; creating the Olympics in Oklahoma Revolving Fund; requiring certain disbursal of monies on certain approval of the Department of Commerce. Effective date. Emergency.
Status: Passed both chambers, April 29, 2026
What the bill says
An Act relating to state government; creating the Olympics in Oklahoma Revolving Fund; establishing the revolving fund characteristics; declaring the funds appropriated; providing for codification; providing an effective date; and declaring an emergency.
From the engrossed text, April 29, 2026:
An Act relating to state government; creating the Olympics in Oklahoma Revolving Fund; establishing the revolving fund characteristics; declaring the funds appropriated; providing for codification; providing an effective date; and declaring an emergency. 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 5013.4 of Title 74, unless there is created a duplication in numbering, reads as follows: ENGR. H. A. to ENGR. S. B. NO. 1378 Page A. There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Commerce to be designated the "Olympics in Oklahoma Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Department from appropriations, donations, grants, and other sources of funding for the purpose of hosting the 2028 Olympic Games. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment. B. Subject to approval by the Oklahoma Department of Commerce, no less than five percent (5%) of all funds dispensed from the fund shall be awarded to contracts fulfilled …
Sponsors
- Kristen Thompson (R, SD-022) · primary sponsor
Latest actions
- : HAs read
- : Engrossed, signed, to Senate
- : Referred for engrossment
- : Third Reading, Measure and Emergency passed: Ayes: 78 Nays: 8
- : General Order
- : Title restored
- : CR; Do Pass, amended by committee substitute Appropriations and Budget Committee
- : Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee
- : Referred to Appropriations and Budget Finance Subcommittee
- : Second Reading referred to Appropriations and Budget
Votes
- Third Reading (April 28, 2026): 78 yea, 8 nay, passed
- Floor Vote (April 14, 2026): 25 yea, 0 nay, passed
- Floor Vote (April 8, 2026): 9 yea, 0 nay, passed
- Third Reading (March 9, 2026): 46 yea, 0 nay, passed
- Senate Appropriations Committee (February 18, 2026): 20 yea, 0 nay, passed
- Senate Economic Development, Workforce & Tourism Committee (February 10, 2026): 9 yea, 0 nay, passed
Subjects: State Government
Common questions
- What is SB1378?
- SB1378 is a bill in the Oklahoma Legislature (2026 Regular Session): State government; creating the Olympics in Oklahoma Revolving Fund; requiring certain disbursal of monies on certain approval of the Department of Commerce. Effective date. Emergency.
- What does SB1378 do?
- In its own words: An Act relating to state government; creating the Olympics in Oklahoma Revolving Fund; establishing the revolving fund characteristics; declaring the funds appropriated; providing for codification; providing an effective date; and declaring an emergency.
- What is the status of SB1378?
- Passed both chambers as of April 29, 2026. Latest action: HAs read (April 29, 2026).
- Who sponsored SB1378?
- Kristen Thompson (R, SD-022).
- Where is the official record for SB1378?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB1378&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.