SENATE FLOOR VERSION - HB2463 SFLR Page 1 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SENATE FLOOR VERSION April 10, 2023 ENGROSSED HOUSE BILL NO. 2463 By: Hill and Pittman of the House and Paxton of the Senate An Act relating to state government; creating the Oklahoma Center for the Advancement of Science and Technology Program Modernization Act; amending 74 O.S. 2021, Section 5060.16, which relates to the Oklahoma Science and Technology Research and Development Act; modifying powers and duties; providing for noncodification ; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law not to be codified in the Oklahoma Statutes reads as follows: This act shall be known and may be cited as the "Oklahoma Center for the Advancement of Science and Technology Program Modernization Act". SECTION 2. AMENDATORY 74 O.S. 2021, Section 5060.16, is amended to read as follows: SENATE FLOOR VERSION - HB2463 SFLR Page 2 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Section 5060.16 The Oklahoma Center for the A dvancement of Science and Technology, with the advice and consent of the Committee, shall may: 1. Establish and operate a state program designed to secure and impartially distribute funds credited to the Research Support Revolving Fund to support professi onal service contracts f or health research projects; 2. Ensure that funding to support health research projects is awarded only on the basis of scientific merit; 3. Design the health research program to ensure the optimum performance of the investigator and the maximum efficien cy of the project; 4. Evaluate and approve health research projects to be funded from the Research Support Revolving Fund; 5. Establish a proced ure for the referral of proposed health research projects to the Committee for review; 6. Establish procedure s for review of proposed health research projects by qualified individuals residing outside this state; 7. Suspend or terminate any professional service contract supporting health research projects for failure by an investigator, institution of higher lea rning, or nonprofit research institution to comply with the procedures, requirements, or bylaws of the Center; and SENATE FLOOR VERSION - HB2463 SFLR Page 3 (Bold face denotes Committee Amendments) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 8. Enter into contracts to ens ure the optimum performance of health research investigators and to ensure the maximum efficiency of proposed health research projects. SECTION 3. This act shall become effective November 1, 2023. COMMITTEE REPORT BY: COMMITTEE ON BUSINESS AND COMMERCE April 10, 2023 - DO PASS