Public finance; Oklahoma Economic Development Pooled Finance Act; Infrastructure Pool; Economic Development Pool; caps; effective date; emergency.
Approved by Governor 05/12/2026
Summary
The legislation amends the Oklahoma Economic Development Pooled Finance Act to increase the maximum amount the state can issue through its Infrastructure and Economic Development Pools from $100 million to $125 million. It directs how the new funds must be allocated between smaller municipalities (populations under 300,000) and larger ones, and allows the issuing authority to treat the bonds as tax‑exempt when federal law permits. The changes take effect on November 1, 2026.
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