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ENGROSSED HOUSE
BILL NO. 4392 By: Miller of the House
and
Hines of the Senate
An Act relating to aerospace; creating the
Sustainable Emerging Aviation Services Investment
Program; defining terms; requiring certain
designations; requiring specific requirements be met;
allowing for certain investments; prohibiting certain
investments; providing for the promulgation of rules;
creating the Sustainable Emerging Aviation Services
Investment Program Revolving Fund; establishing
revolving fund characteristics; declaring funds
appropriated; providing for codification; and
providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 600 of Title 3, unless there is
created a duplication in numbering, reads as follows:
This act shall be known and may be cited as the "Sustainable
Emerging Aviation Services Investment Program (SEA SIP)".
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 601 of Title 3, unless there is
created a duplication in numbering, reads as follows:
As used in this act:
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1. "Advanced Air Mobility" or "AAM" shall mean the definition
found in the FAA Reauthorization Act of 2024, P.L. 118-63, Section
951; 138 Stat. 1375;
2. "Department" shall refer to the Oklahoma Department of
Aerospace and Aeronautics;
3. "Emerging Aviation Services" shall refer to either AAM,
SUAS, or nontraditional aircraft;
4. "Nontraditional aircraft" shall refer to aircraft, systems,
and operations that are being integrated into the National Airspace
System (NAS), including all other forms of Electric Vehicle Takeoff
and Landing (EVTOL), Alternate Power Plant, Short Takeoff and
Landing (STOL), and Autonomous Aircraft that are larger than fifty-
five (55) pounds but less than one thousand three hundred twenty
(1,320) pounds capable of carrying cargo or human passengers and may
operate under 14 CFR, Part 107 with appropriate waivers, Part 91,
Part 135, Part 137, and Part 141 operations or those technologies
that have a maximum takeoff weight greater than one thousand three
hundred twenty (1,320) pounds and that do not fit the definition of
Advanced Air Mobility or Small Uncrewed Aerial Systems;
5. "Site" shall mean a public entity engaged in a partnership
or collaboration for the purposes of this act;
6. "Small Uncrewed Aerial Systems (SUAS)" or "drone" shall
refer to unmanned aircraft weighing less than fifty-five (55) pounds
gross weight on takeoff; and
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7. "Supporting airport" shall refer to a public use airport
that is included in the Oklahoma Airport System Plan.
SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 602 of Title 3, unless there is
created a duplication in numbering, reads as follows:
A. The Oklahoma Department of Aerospace and Aeronautics shall
designate not less than five sites as Advanced Air Mobility (AAM)
pilot sites within the state. Such sites shall be eligible for AAM-
specific support and regulatory assistance; provided, the site meets
program guidance as issued by the Department. Of the designated
sites, not less than two sites shall be designated as supporting
airports and demonstrate a commitment to publicly operated AAM
infrastructure, the public benefit of such technology, and a pathway
to financial stability.
B. The Department may approve and provide funding opportunities
at approved sites for infrastructure, equipment, software, or other
needs the site may have to work with AAM companies, operators, and
supportive industries. The Department shall not approve funding for
research and development opportunities nor the purchase of
nontraditional aircraft or small uncrewed aerial systems (SUAS).
The Department shall retain ownership of any asset it invests in.
Sites shall be required to sign agreements acknowledging that the
Department retains the ownership of the asset. The Department may
enter into agreements with the site or approved operators to recoup
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the financial investment the Department has made in the asset. Such
funds shall be deposited in the Sustainable Emerging Aviation
Services Investment Program (SEA SIP) Revolving Fund created in
Section 4 of this act.
C. The Department shall promulgate rules for SEA SIP.
D. Beginning July 1, 2027, and every year thereafter, the
Department shall submit a report to the Governor, the Speaker of the
Oklahoma House of Representatives, the President Pro Tempore of the
Oklahoma State Senate, the Appropriations and Budget chair of the
Oklahoma House of Representatives, the Appropriations chair of the
Oklahoma State Senate, the Appropriations and Budget Transportation
Subcommittee chair for the Oklahoma House of Representatives, and
the Appropriations General Government and Transportation
Subcommittee chair for the Oklahoma State Senate. The report shall
detail what funds have been expended throughout the year, what
projects have been commenced, what projects are ongoing, what
projects were completed, what, if any, maintenance is required of
the projects, and what revenues were received from the project.
SECTION 4. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 603 of Title 3, unless there is
created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund
for the Oklahoma Department of Aerospace and Aeronautics to be
designated the "Sustainable Emerging Aviation Services Investment
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Program (SEA SIP) Revolving Fund". The fund shall be a continuing
fund, not subject to fiscal year limitations, and shall consist of
all monies received by the Department as directed by law, from
federal and state grants or appropriations, from private donations,
and from revenues or fees recouped from assets in which the
Department invests. All monies accruing to the credit of said fund
are hereby appropriated and may be utilized in accordance with the
provisions of the Sustainable Emerging Aviation Services Investment
Program. Expenditures from said fund shall be made upon warrants
issued by the State Treasurer against claims filed as prescribed by
law with the Director of the Office of Management and Enterprise
Services for approval and payment.
SECTION 5. This act shall become effective November 1, 2026.
Passed the House of Representatives the 25th day of March, 2026.
Presiding Officer of the House
of Representatives
Passed the Senate the _____ day of __________, 2026.
Presiding Officer of the Senate