HB 2024 - Establishes the Oklahoma Space Renaissance Act - Oklahoma Key Vote

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Title: Establishes the Oklahoma Space Renaissance Act

Vote Smart's Synopsis:

Vote to pass a bill that establishes the Oklahoma Space Renaissance Act, which appropriates $51.3 million into the Oklahoma Space Industry Development Authority in the next fiscal year, effective July 1, 2025.

Highlights:

  • Establishes the Oklahoma Space Renaissance Act (Sec. 1). 

  • Appropriates a total of $51.3 million to the Oklahoma Space Industry Development Authority for the fiscal year ending June 30, 2026, which shall be given in the following amounts:

    • $1.3 million to perform the duties imposed on the Oklahoma Space Industry Development Authority by law (Sec. 2);

    • $35 million to accomplish infrastructure investments at the Oklahoma Air and Space Port to support testing and launching of spacecraft (Sec. 3); and

    • $15 million to accomplish infrastructure and programmatic investments in microgravity research (Sec. 4). 

  • Specifies that the provisions of this bill shall take effect July 1, 2025 (Sec. 5).

Title: Establishes the Oklahoma Space Renaissance Act

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