Bill > HB1949

This bill, known as the "Bond Transparency Act of 2017", requires local government entities (such as counties, cities, towns, school districts, and others) to publish certain information on their websites at least 30 days before a vote on any bond or other debt issuance. This includes details on the projects or assets to be funded, any unpaid or unfinished prior bond approvals, and a description of how previous bond proceeds were used. If the local government entity does not have a website, the information must be made accessible through another internet-based method or published in a local newspaper. The bill applies to bonds requiring a sinking fund millage rate or issued under specific constitutional provisions, but excludes obligations issued by certain trusts. The bill takes effect on November 1, 2017.

Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1949&Session=1700