Oklahoma SB177 creates a Morrill Act of 1890 Revolving Fund for equitable distribution to Oklahoma's land-grant institutions.
Oklahoma SB177 establishes a Morrill Act of 1890 Revolving Fund for the Oklahoma State Regents for Higher Education. The fund, totaling Four Hundred Eighteen Million Nine Hundred Eighty-six Thousand Two Hundred Seventy-two Dollars ($418,986,272.00), is intended to provide an equitable distribution of funds to Oklahoma’s 1890 land-grant institutions. The fund will consist of all monies received from legislative appropriations and will be a continuing fund, not subject to fiscal year limitations. The bill declares an emergency, allowing it to take effect immediately upon passage and approval.
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