Oklahoma Center for the Advancement of Science and Technology; requiring the cessation of the technology business financing program; directing transfer of remaining funds. Effective date.
SB 572 ends Oklahoma's technology business financing program, which previously provided funding to help local businesses commercialize innovations. The bill requires all remaining program funds and annual royalty payments (from businesses that received funding) to be transferred to the state's General Revenue Fund by November 1, 2025. This affects OCAST (the Oklahoma Center for the Advancement of Science and Technology), businesses that had received program funding, and state finances. The program officially ceases upon the bill's effective date, redirecting all unused funds to general state revenue.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Mar 2025
House Passage
Governor
Introduced Feb 3, 2025
Last action Apr 8, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Floor (Senate)
·
4 edits
MODERATE
The bill text was reformatted from an 'Engrossed' version to a 'Senate Floor Version' for legislative processing. The substantive policy content regarding the Oklahoma Center for the Advancement of Science and Technology remains unchanged, including the program's termination, fund transfers, and effective date of November 1, 2025. Formatting differences include updated headers, page numbering, and the addition of a committee report indicating the bill passed the Economic Development, Workforce and Tourism Committee.
TECHNICAL
Document headers changed from 'ENGROSSED SENATE' to 'SENATE FLOOR VERSION' with updated date of February 19, 2025
Page numbering and footer text updated to reflect Senate Floor processing status
Committee report added indicating the bill was passed by the Committee on Economic Development, Workforce and Tourism on February 19, 2025
Formatting adjustments including spacing and indentation throughout the text for floor version presentation
Floor votes · Senate Mar 10, 2025
How they voted
48–0
Passed · 1 other
Total votes 49
Mar 10, 2025
D
Democratic9
100% Yea
R
Republican40
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
4
Committee
4
Apr 8, 2025
Lower · Passed
Recommendation to the full committee; Do Pass Appropriations and Budget Education Subcommittee
lower
Apr 2, 2025
Committee
Referred to Appropriations and Budget Education Subcommittee
lower
Mar 11, 2025
Introduced
First Reading
lower
Mar 11, 2025
Upper · Passed
Engrossed to House
upper
Mar 10, 2025
Committee
Referred for engrossment
upper
Mar 10, 2025
Upper · Passed
Measure passed: Ayes: 46 Nays: 0
upper
Feb 19, 2025
Upper · Passed
Reported Do Pass Economic Development, Workforce and Tourism committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors
Sponsors
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