OklahomaOklahoma college savings accounts accept cash and digital payments
Starting November 1, 2026, people may add money to an open Oklahoma college savings account using cash or digital payment networks.
What it does
People may add money to an Oklahoma college savings account using cash or digital payment networks. The account must already be open.
Argument forDigital payment networks could give contributors a convenient way to add money to an open college savings account.
Argument againstPeople who want to contribute using another payment method may have fewer ways to add money to an account.
More detail
Contributions may be made only in cash or through digital peer-to-peer or other digital payment networks. This rule applies to contributions to accounts in the Oklahoma College Savings Plan. A person may contribute only after the account is opened. This law takes effect November 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 13Approved by Governor Kevin Stitt 05/12/2026Became Law
- May 6Sent to GovernorTo Governor
- Vote recorded Third Reading. Result: pass.Lower
- May 6Signed, returned to Senate
- May 6Enrolled, to House
- May 6Referred for enrollment
- May 6Signed, returned to Senate
- May 6Third Reading, Measure passed: Ayes: 86 Nays: 2Major
- May 6General Order
- Apr 23CR; Do Pass Appropriations and Budget CommitteeMinor
- Apr 21
- Vote recorded Appropriations And Budget Committee: Do Pass. Result: pass.Lower
- Apr 13Recommendation to the full committee; Do Pass Appropriations and Budget Education SubcommitteeMinor
- Apr 6
- Vote recorded Appropriations And Budget Education Subcommittee: Do Pass. Result: pass.Lower
- Mar 31Referred to Appropriations and Budget Education SubcommitteeMinor
- Mar 30Second Reading referred to Appropriations and BudgetMinor
- Feb 23First ReadingMinor
- Feb 23Engrossed to HousePassed House
- Feb 19Referred for engrossment
- Vote recorded Third Reading. Result: pass.Upper
- Feb 19Measure passed: Ayes: 44 Nays: 0Passed Senate
- Feb 19General Order, Considered
- Feb 17Coauthored by Representative Osburn (principal House author)
- Feb 11Placed on General Order
- Feb 9Reported Do Pass Revenue and Taxation committee; CR filedMinor
- Vote recorded Do Pass. Result: pass.Upper
- Feb 3Second Reading referred to Revenue and TaxationMinor
- Feb 2Authored by Senator Nice
- Feb 2First ReadingIntroduced
Education