Transportation

HB 1961 creates the Oklahoma Aircraft and Rocket Engine Testing Development Grant Program to provide one-time financial assistance to private, public, or nonprofit entities within Oklahoma. The program requires applicants to secure 40% matching funds, provide industry support documentation, and submit project proposals detailing testing capabilities, timelines, and budgets. A revolving fund in the State Treasury, financed through state appropriations and donations, will administer the grants, with recipients required to submit quarterly progress reports. The bill amends Oklahoma law to establish this program, effective July 1, 2025.