HB3709

Oklahoma HB3709 mandates state educational institutions to fund a maintenance account for new buildings and requires annual audits by the State.

Oklahoma HB3709 requires state educational institutions to allocate five percent of total construction costs to a general maintenance fund for new buildings. This fund is intended for general upkeep and maintenance of state-owned buildings, ensuring it does not replace existing funding levels. The State Regents for Higher Education must withhold state-appropriated funds from noncompliant institutions and conduct annual audits to ensure adherence to this requirement. The act becomes effective July 1, 2026, with an emergency clause allowing immediate implementation upon passage and approval.