Department of Commerce; requiring Department to create program; establishing requirements for program; creating the Tulsa Race Massacre Victims' Compensation Revolving Fund; making appropriation. Effective date. Emergency.

SB 278 directs Oklahoma's Department of Commerce to create a program compensating living survivors of the 1921 Tulsa Race Massacre with $2 million each from a new revolving fund. The bill establishes the "Tulsa Race Massacre Victims’ Compensation Revolving Fund" and appropriates $4 million from the General Revenue Fund to cover these payments. Payments will be made to survivors living on the bill's effective date (July 1, 2025), or to their heirs if they die before receiving funds. The program requires input from a committee including Tulsa-area legislators and nonprofit partners to administer the payments.