On May 14, 2026, OKL LEG reported enactment of SB 1989 re OKL College Savings Plan; operation via use of accounts; expanded options for contributions to accounts.
On May 12, OKL LEG enacted bill to expand options for savings plan.
OKL LEG approved Bill SB 1989 to expand options to contribute to 529 savings plan.
Legislative Provisions
Amends Oklahoma StatutesOKL LEG 70-3970.7 which allows individuals to make contributions to College Savings Accounts using digital payment networks.
Legislative History
On Feb. 2, 2026, bill introduced in Senate; on Feb. 19, 2026, bill passed in the Senate.
On Feb. 23, 2026, bill introduced in House; on May 6. 2026, bill was passed in House.
On May 6, 2026, bill sent to governor; on May 12, 2026, bill approved by governor.
Effectiveness
Bill becomes effective on Nov. 1, 2026.
May 14, 2026, OKL LEG
On May 14, 2026, OKL LEG reported enactment of SB 1989 re OKL College Savings Plan; operation via use of accounts; expanded options for contributions to accounts.
Regulators
OKL LEG
Entity Types
Bank; CNSM
Reference
PR, 5/14/2026; Act, Bill, SB1989, 5/12/2026; Citation: OKL LEG 70;
