Education

HB 1086 updates Oklahoma's school funding rules by redefining how school districts manage their general funds. It requires districts to place capital project funds (like those for building repairs) into a separate building fund instead of the general fund, and eliminates the practice of carrying over general fund money to future years. The bill restricts general fund use for capital projects to only cases where a building is destroyed by disaster (fire, flood, etc.) and other funding sources (insurance, state aid) are insufficient. This directly affects all Oklahoma public school districts in how they track and spend state and local education funds.

HB 1940 amends Oklahoma's charter school law to establish a new annual limit: the Statewide Charter School Board may sponsor no more than five new charter schools per year in counties with fewer than 500,000 residents. This directly affects the Statewide Charter School Board's authority and charter school expansion in smaller counties, while maintaining existing sponsorship rules for other areas. The rule applies to all new charter school applications approved after July 1, 2025, when the bill takes effect. The bill does not change sponsorship requirements for schools in larger counties or other sponsor types.