OklahomaOklahoma authority may issue pooled obligations up to $125 million
Oklahoma’s Authority may issue pooled obligations with net proceeds up to $125 million for local infrastructure and economic development projects.
What it does
The Authority may issue pooled obligations with net proceeds up to $125 million for an infrastructure project involving two or more eligible local governments in Oklahoma.
The Authority may issue pooled obligations with net proceeds up to $125 million for an economic development project involving eligible local governments or businesses in Oklahoma.
Argument forThe $125 million pool limits could let local governments and businesses seek financing for more or larger projects.
Argument againstUsing larger pools could leave local governments or businesses with more debt to repay for infrastructure or economic development projects.
More detail
The law authorizes the Authority to issue pooled obligations with net proceeds up to $125 million for the Infrastructure Pool. The pool serves eligible local governments participating in a pooled infrastructure project. The financing is for an authorized infrastructure project in Oklahoma involving two or more eligible local governments.
The law authorizes the Authority to issue pooled obligations with net proceeds up to $125 million for the Economic Development Pool. Eligible local governments may use the pool alone or with a for-profit business, and financing may benefit a business for an authorized project. The financing is for an authorized economic development project in Oklahoma. Obligations may be tax-exempt only if federal law allows it; otherwise, they must be taxable.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 12Approved by Governor Kevin Stitt 05/12/2026Became Law
- May 6Sent to GovernorTo Governor
- Vote recorded Fourth Reading. Result: pass.Lower
- May 6Enrolled measure signed, returned to House
- May 6Enrolled, signed, to Senate
- May 6Referred for enrollment
- May 6Fourth Reading, Measure and Emergency Passed: Ayes: 83 Nays: 6Major
- May 6Coauthored by Representative(s) Eaves
- May 6SA's read, adoptedMajor
- Apr 30SA's received
- Apr 30Engrossed to HouseMajor
- Apr 29Referred for engrossment
- Vote recorded Third Reading. Result: pass.Upper
- Apr 29Measure and Emergency passed: Ayes: 32 Nays: 12Major
- Apr 29General Order, Considered
- Apr 27Placed on General Order
- Apr 22Emergency added
- Vote recorded Appropriations. Result: pass.Upper
- Apr 22Reported Do Pass as amended Appropriations committee; CR filedMinor
- Apr 1Second Reading referred to AppropriationsMinor
- Mar 25First ReadingMinor
- Mar 25Engrossed, signed, to SenatePassed Senate
- Mar 24Referred for engrossment
- Vote recorded Third Reading. Result: pass.Lower
- Mar 24Third Reading, Measure passed: Ayes: 73 Nays: 13Passed House
- Mar 24Coauthored by Representative(s) Hill, Staires
- Mar 24General Order
- Feb 18Authored by Senator Hall (principal Senate author)
- Feb 18CR; Do Pass Appropriations and Budget CommitteeMinor
- Feb 17
- Vote recorded Appropriations And Budget Committee: Do Pass. Result: pass.Lower
- Feb 3Second Reading referred to Appropriations and BudgetMinor
- Feb 2Authored by Representative Caldwell (Trey)
- Feb 2First ReadingIntroduced
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