Representative Lance Cargill (R-Harrah), the House author of both measures, said increased support for scientific research sends a strong message about Oklahoma's future. “The key to Oklahoma's future, I believe, is an economy based on knowledge and on the alliance between technology and human capitol, so that we are continually developing more high-value goods and services.”

Cargill said the objective of SB 1892 is to establish a premier biotechnology center in Oklahoma during its second century of statehood. SB 1957 will focus on funding the research or commercialization of science and technology.

A Board of Directors for Research Initiatives would develop requests for proposals and select strategic research alliances for funding and support of research proposals.

Cargill said that in the economy of the 21st Century, ideas and innovation will be increasingly important to a state's success. “With investments like the Second Century Growth and Opportunity Funds, we can better equip our citizens to compete in this emerging, knowledge-based economic environment and unleash the wealth-creating potential of research and scientific advancement throughout our state.”

He said establishment of the two funds could lead to the creation of new jobs, products and services, attract federal research grants and bring private sector investments into the state.

“With these bills we have the opportunity to make Oklahoma competitive nationally but also across the entire world,” said Cargill.

The measures now head to a Joint House and Senate Conference Committee for further action and final consideration before the Legislature's May 26 adjournment.