Oklahoma Restructure Administration and Allocation of Tobacco Settlement Endowment Trust Fund Amendment (August 2026)
| Oklahoma Restructure Administration and Allocation of Tobacco Settlement Endowment Trust Fund Amendment | |
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| Election date |
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| Topic Revenue allocation |
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| Status Proposed |
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| Type Legislatively referred constitutional amendment |
Origin |
The Oklahoma Restructure Administration and Allocation of Tobacco Settlement Endowment Trust Fund Amendment (August 2026) may be on the ballot in Oklahoma as a legislatively referred constitutional amendment on August 25, 2026.
The constitutional amendment would allow real property assets, stock, and other equity investments to be appropriated to the state's Tobacco Settlement Endowment Trust (TSET) Fund. It would also move half of the money allotted to the TSET fund to a TSET Legacy Effort Revolving Fund. The amendment would eliminate the TSET Fund Board of Directors and instead delegate the administration of the fund to the Board of Investors of the TSET Fund.[1]
Text of measure
Ballot title
The official ballot title is as follows:[1]
| “ | This measure amends the Oklahoma Constitution. It amends Section 40 of Article 10. This measure would authorize real property assets, stock, and other equity investments, in addition to monies, be added to the Tobacco Settlement Endowment Trust. This measure reduces from 75% to 37.5% the amount of future tobacco settlement proceeds to be deposited into the Tobacco Settlement Endowment Trust Fund, and directs 37.5% of such settlement proceeds to the TSET Legacy Effort Revolving Fund. This measure would eliminate the Board of Directors of the Tobacco Settlement Endowment Trust Fund and its related duties associated with administering and distributing earnings from the Tobacco Settlement Endowment Trust. The measure would require the Board of Investors of the Tobacco Settlement Endowment Trust to annually distribute Trust earnings of twenty percent back into the Trust, and then use remaining earnings to fund awards of the Oklahoma Higher Learning Access Act, also known as Oklahoma's Promise Scholarships, and subsequently distribute remaining earnings to the Education Reform Revolving Fund of the State Treasury, also known as the 1017 Fund.
SHALL THE PROPOSAL BE APPROVED?[2] |
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Full text
The full text of the measure can be read here.
Path to the ballot
Amending the Oklahoma Constitution
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
House Joint Resolution 1076 (2026)
The following is the timeline of the amendment in the state legislature:[3]
- February 2, 2026: State Rep. Trey Caldwell (R-63) introduced the amendment to the state House as House Joint Resolution 1076 (HJR 1076).
- March 25, 2026: The state House approved the amendment in a vote of 69-25. Sixty-eight Republicans and one Democrat voted yes. Eight Republicans and seventeen Democrats voted no. Four Republicans and one Democrat did not vote.
- March 25, 2026: The state House voted to approve a motion to put the amendment on a special election ballot on August 25, 2026. The vote was 71-23, with three representatives absent or not voting.
| Votes Required to Pass: 51 | |||
| Yes | No | NV | |
|---|---|---|---|
| Total | 69 | 25 | 5 |
| Total % | 69.7% | 25.3% | 5.0% |
| Democratic (D) | 1 | 17 | 1 |
| Republican (R) | 68 | 8 | 4 |
External links
See also
View other measures certified for the 2026 ballot across the U.S. and in Oklahoma.
Explore Oklahoma's ballot measure history, including constitutional amendments.
Understand how measures are placed on the ballot and the rules that apply.
Footnotes
- ↑ 1.0 1.1 Oklahoma State Legislature, "Text of HJR 1076," accessed March 27, 2026
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Oklahoma State Legislature, "Bill History for HJR 1076," accessed March 27, 2026
