Oklahoma legislation · 2026 Regular Session
Oklahoma SB1670: Higher education; directing certain model policy established by the Oklahoma State Regents for Higher Education to include certain tiered system of ownership. Effective date. Emergency.
Status: Signed into law, May 13, 2026
What the bill says
An Act relating to higher education; amending 70 O.S. 2021, Section 3206.3, which relates to research and development at institutions of higher education; directing certain policy established by the Oklahoma State Regents for Higher Education to include certain tiered system of ownership and require certain compensation; adding area of encouragement for certain development; requiring certain policies to be reviewed with certain frequency; updating statutory language; providing an effective date; and declaring an emergency. SUBJECT: Higher education.
From the enrolled text, May 6, 2026:
An Act relating to higher education; amending 70 O.S. 2021, Section 3206.3, which relates to research and development at institutions of higher education; directing certain policy established by the Oklahoma State Regents for Higher Education to include certain tiered system of ownership and require certain compensation; adding area of encouragement for certain development; requiring certain policies to be reviewed with certain frequency; updating statutory language; providing an effective date; and declaring an emergency. SUBJECT: Higher education SECTION 1. AMENDATORY 70 O.S. 2021, Section 3206.3, is amended to read as follows: Section 3206.3. A. The Oklahoma State Regents for Higher Education shall: 1. Establish, pursuant to the requirements of this paragraph, a model policy, which to the extent not inconsistent with this section may be adapted by the governing board of regents for each institution within The Oklahoma State System of Higher Education, regarding: a. the use of facilities, whether consisting of real property, personal property, intangible personal property, or any combination of such properties, within The Oklahoma State System of Higher Education, for the purpose of conducting research, the principal purpose of which is to develop or refine a product, process, or idea in cooperation with a private business entity in order to market the product, process, or idea for profit, b. the investment of value available to institutions within …