Bill
Bill > SB1952
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to the Oklahoma Turnpike Authority; amending 69 O.S. 2021, Section 1709, which relates to turnpike revenue bonds; establishing a bond debt ceiling; updating statutory language; updating statutory references; and providing an effective date.
AI Summary
This bill establishes a bond debt ceiling for the Oklahoma Turnpike Authority, limiting the total aggregate outstanding indebtedness to $4,000,000,000.00, and updates statutory language and references related to turnpike revenue bonds. The bill also clarifies provisions regarding the issuance of bonds, including their maturity, interest rates, redemption options, and the use of proceeds, and allows the Authority to enter into financial transactions like derivative products to manage interest rate risk, provided these actions are approved by the Deputy Treasurer for Debt Management and the Council of Bond Oversight. This legislation, which amends Section 1709 of Title 69 of the Oklahoma Statutes, will become effective on November 1, 2026.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Second Reading referred to Aeronautics and Transportation Committee then to Appropriations Committee (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1952&Session=2600 |
| Fiscal Note/Analysis - Senate: SB1952 INT FI | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB1952%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1952%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1952%20INT.PDF |
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