Oklahoma Science and Technology and Development Act; authorizing the Oklahoma Center for the Advancement of Science and Technology (OCAST) to establish the Doctoral Retention Grant Program. Effective date.

SB 754 establishes a Doctoral Retention Grant Program administered by OCAST to help retain doctoral degree holders in Oklahoma. The program will provide competitive grants to individuals who commit to staying in the state and working in science and technology fields to advance OCAST's mission. It prohibits duplicating existing state incentive programs and requires a clawback provision, meaning recipients must repay grants if they fail to fulfill their service commitments. Funding will come from a new revolving fund in the state treasury, which is not subject to annual budget limitations.