HB4344

Oklahoma HB4344 allows the Oklahoma State Regents for Higher Education to reduce allocations to institutions for annual obligations.

Oklahoma HB4344 amends the Oklahoma State Finance Act to permit the Oklahoma State Regents for Higher Education to reduce allocations to institutions within the Oklahoma State System of Higher Education to make payments for annual obligations. The bill specifies that the Regents may reduce allocations if necessary to meet a failure in revenue, as indicated by the Director of the Office of Management and Enterprise Services. The act becomes effective November 1, 2026.