Req. No. 907 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 60th Legislature (2025) SENATE BILL 74 By: Goodwin AS INTRODUCED An Act relating to appropriations; making an appropriation to the Oklahoma Department of Commerce; stating purpose; providing for impleme ntation of program of compensation related to the Tulsa Race Massacre; providing for collaboration between Oklahoma Department of Commerce and certain committee; providing for membership; creating the Tulsa Race Massacre Compensation Revolving Fund; providing for sources of revenues; providing purposes of fund; providing for expend itures; providing for noncodification; providing for codification; providing an effective date; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE O F OKLAHOMA: SECTION 1. There is hereby appropriated to the Oklahoma Department of Commerce from any monies not otherwise appropriated from the General Revenue Fund of the State Treasury for the fiscal year ending June 30, 202 5, the sum of Three Hundred Million Dollars ($300,000,000.00) to implement a program of rep arations for damages to persons and property that occurred during the events of approximately May 31 , 1921, through June 1, 1921, in the City of Tulsa, which events shall be known as the “Tulsa Race Massacre”. Req. No. 907 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 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 2. NEW LAW A new section of law not to be codified in the Oklahoma Statutes reads as follows: A. The Oklahoma Department of Commerce, with the assistance of nonprofit organizations or any othe r state agency, board, commission, or department with information or resource s that could be of assistance to the Department, shall create and administer a program pursuant to which survivors of the Tulsa Race Massacre and descendants of victims of the Tul sa Race Massacre may make application to and receive payments from the Tulsa Race Massacre Compensation Revolving Fund created pursuant to Section 3 of this act. B. The Oklahoma Department of Commerce shall work in conjunction with and receive input from a committee to be composed of the following persons: 1. A member of the Sena te whose district includes the Greenwood District in Tulsa; 2. A member of the House of Representatives whose district includes the Greenwood District in Tulsa; and 3. A member to be appointed by the Chief Executive Officer of the Oklahoma Department of Commerce . C. The member of the Senate shall convene meetings to select six other persons to constitute the committee for a total membership of nine (9) persons. Req. No. 907 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 D. The persons to be selected shall be capable, community - oriented persons representative of the historically and adversely affected areas of the City of Tulsa. E. The persons selected may include, but shall not be limited to, historians, clergy members, attorneys, advocates, accountants, and genealogists. F. Nonprofit organizations or a state agency, board, commission, department, or other entity of state government with information or resources may provide assistance to the committee members. SECTION 3. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 25001 of Title 74, unless there is created a duplication in numbering, reads as follows: There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Commerce to be designated the “Tulsa Race Massacre Compensation Revolving Fund ”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma Department of Commerce from appropriations and such other sources designated for deposit in the fund. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Oklahoma Department of Commerce for the purpose of making payments relating to damage to persons and property during the events of approximately May 31 , 1921, through June 1, 1921, in the City of Req. No. 907 Page 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Tulsa, which events for purposes of this act shall be designated the “Tulsa Race Massacre”. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment. SECTION 4. This act shall become effective July 1, 2025. SECTION 5. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its pas sage and approval. 60-1-907 JC 12/19/2024 3:18:26 PM