Okla. Stat. tit. 70, § 70-28-100A: Legislative intent — Baseline appropriations level

A. It is the intent of the Legislature that appropriations made

in House Bill No. 2901 of the 1st Session of the 59th Oklahoma

Legislature in conjunction with other funds appropriated to the

State Board of Education during the 1st Session of the 59th Oklahoma

Legislature establish a new baseline appropriation level for public

schools in this state, and that maintaining such baseline levels in

future years should be a requirement prior to resources being made

available for programs such as the Oklahoma Parental Choice Tax

Credit Act, created pursuant to House Bill No. 1934 of the 1st

Session of the 59th Oklahoma Legislature. For this reason,

subsection B of this section is necessary.

B. Beginning July 1, 2024, and at the beginning of each

succeeding state fiscal year, if the amount of money appropriated to

the State Board of Education:

1. For the financial support of public schools and support of

public schools activities in such fiscal year; and

2. To be distributed through redbud school grants provided for

in Section 3-104 of Title 70 of the Oklahoma Statutes,

is less than such amounts appropriated for the fiscal year ending

June 30, 2024, the tax credits otherwise authorized in the Oklahoma

Parental Choice Tax Credit Act shall be reduced proportionally to

reflect the proportion such appropriations fail to reach the

baseline amounts appropriated for the fiscal year ending June 30,

2024.