Oklahoma Education Lottery Act; removing provisions for initial membership of board of trustees; Oklahoma Education Lottery Trust Fund. Emergency.

This bill amends the Oklahoma Education Lottery Act to update definitions and modify how the lottery's board of trustees and funds are managed. It clarifies terms such as "educational facilities" and "major procurement contracts" while removing specific rules about the initial membership of the board of trustees. The legislation also changes how money from the Oklahoma Education Lottery Trust Fund is transferred to other state funds and repeals sections related to a fidelity revolving fund and negotiable bonds. These changes aim to streamline the commission's operations and ensure clearer statutory language for future management of lottery proceeds.