Bill > SB2060

This bill modifies existing Oklahoma law regarding public infrastructure districts, specifically focusing on the creation and operation of "master development districts." Key provisions include defining "governing body" to include supervisors of master development districts and adding a definition for "governing document." The bill outlines requirements for approving a master development district, mandating 100% surface owner consent and specific acreage or private investment thresholds. It establishes an independent board of supervisors for master development districts with broad powers similar to city governing bodies. The bill also grants districts the authority to undertake a wider range of public improvements, including art acquisition and libraries, and clarifies that bonds issued by these districts do not constitute public debt for the municipality. Finally, it sets an effective date of November 1, 2026.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb2060&Session=2600