Oklahoma SB572 ends the technology business financing program by OCAST and transfers remaining funds to the General Revenue Fund.
Oklahoma SB572 mandates the cessation of the technology business financing program by the Oklahoma Center for the Advancement of Science and Technology (OCAST). The bill requires the transfer of any remaining funds from the program to the State Treasurer and placed to the credit of the General Revenue Fund. It also mandates the transfer of any royalties, fees, interest, profits, or other payments or return of funding and financing received from the program to the State at the end of each fiscal year. The act becomes effective November 1, 2025.
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