Oklahoma Turnpike Authority; requiring bonds issued after certain date be secured only by certain revenue; effective date.

Summary

The measure amends the Oklahoma Turnpike Authority’s statutes to require that any bonds issued after a specified date be backed only by revenue from the turnpike project they fund. It also expands the Authority’s list of authorized turnpike routes, extensions, and tollgate locations while prohibiting the use of one project’s revenues to cover another’s obligations. The changes aim to protect bond investors and ensure clear accounting for each turnpike’s finances.

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