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Oklahoma creates $10 million BEST Fund to finance K-8 receiving district building and utility expenses

Original title: Schools; Building Equalization for K-8 Student Transfers Revolving Fund; revenue; limitations; uses of the fund; expenditures subject to warrants; effective date; emergency.

Last action · February 4, 2025: Second Reading referred to Rules

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

House Bill 1428 establishes the Building Equalization for K-8 Student Transfers (BEST Fund), capping it at $10 million to help receiving school districts cover building repairs, equipment, utilities, insurance, security, and school buses starting July 1, 2025.

Why it matters

School districts taking in student transfers gain a dedicated funding source for capital improvements, maintenance, technology, and operating costs up to a $10 million limit.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

receiving districts

Receiving school districts gain access to a new revolving fund to pay for building maintenance, technology, utilities, insurance, security, and school buses.

Directly affected

State Department of Education

The State Department of Education is tasked with budgeting, distributing, and administering the newly created BEST Fund.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the BEST Fund?
The Building Equalization for K-8 Student Transfers is a continuing fund created for the State Department of Education to help receiving school districts pay for building, technology, utility, and security expenses.
What is the financial cap on the fund?
Monies received by the State Department of Education for the fund are capped at $10,000,000.00.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

3 actions
  1. Feb 4, 2025HouseCommittee
    Second Reading referred to Rules
  2. Feb 3, 2025House
    Authored by Representative Boles
  3. Feb 3, 2025HouseIntroduced
    First Reading

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

State Treasury, State Department of Education, State Treasurer and 2 more
OrganizationState Treasury“Holds the revolving fund and issues warrants”Map →
OrganizationState Department of Education“Manages and distributes the BEST Fund”Map →
OrganizationState Treasurer“Issues warrants against claims”Map →
PersonBoles“Author of House Bill 1428”Map →

Sources

Open source document

www.oklegislature.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 55)
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz25
    Current news / social attention level

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