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Bill > HB3979
OK HB3979
OK HB3979Public finance; Oklahoma Economic Development Pooled Finance Act; Infrastructure Pool; Economic Development Pool; caps; effective date.
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 public finance; amending 62 O.S. 2021, Sections 891.7 and 891.8, which relate to the Oklahoma Economic Development Pooled Finance Act; increasing Infrastructure Pool cap amount; increasing Economic Development Pool cap amount; and providing an effective date.
AI Summary
This bill amends the Oklahoma Economic Development Pooled Finance Act by increasing the maximum amount of money that can be issued for two separate pools of funding: the Infrastructure Pool and the Economic Development Pool. The Infrastructure Pool, which provides financing for authorized infrastructure projects for local government entities, will see its cap raised from $100 million to $125 million. Similarly, the Economic Development Pool, which finances authorized economic development projects for local government entities, potentially in conjunction with for-profit businesses, will also have its cap increased from $100 million to $125 million. The bill also specifies that these changes will take effect on November 1, 2026.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Second Reading referred to Appropriations and Budget (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=hb3979&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB3979%20INT.PDF |
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