Oklahoma legislation · 2026 Regular Session
Oklahoma HB4308: Oklahoma Capitol Improvement Authority; public finance; investments; Legacy Capital Fund; effective date; emergency.
Status: In committee, February 3, 2026
What the bill says
An Act relating to the Oklahoma Capitol Improvement Authority; amending 73 O.S. 2021, Sections 159, 161, as last amended by Section 1, Chapter 68, O.S.L. 2024, and Section 2, Chapter 1, 1st Extraordinary Session, O.S.L. 2023, as amended by Section 1, Chapter 393, O.S.L. 2024 (73 O.S. Supp. 2025, Section 161 and 187B), which relate to public finance programs; modifying provisions related to investment of certain monies; modifying provisions related to powers of Oklahoma Capitol Improvement Authority; modifying provisions related to administration of the Legacy Capital Fund…
From the introduced text, January 15, 2026:
An Act relating to the Oklahoma Capitol Improvement Authority; amending 73 O.S. 2021, Sections 159, 161, as last amended by Section 1, Chapter 68, O.S.L. 2024, and Section 2, Chapter 1, 1st Extraordinary Session, O.S.L. 2023, as amended by Section 1, Chapter 393, O.S.L. 2024 (73 O.S. Supp. 2025, Section 161 and 187B), which relate to public finance programs; modifying provisions related to investment of certain monies; modifying provisions related to powers of Oklahoma Capitol Improvement Authority; modifying provisions related to administration of the Legacy Capital Fund; providing an effective date; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 73 O.S. 2021, Section 159, is amended to read as follows: Section 159. The bonds shall be delivered to the purchaser thereof only upon payment of par and accrued interest to the date of delivery thereof, together with any premium bid, if any. The proceeds of the sale of said bonds shall be deposited in the State Treasury of the State of Oklahoma, in a fund which is hereby created and designated the "Oklahoma Capitol Improvement Authority Fund", Req. No. 14289 Page wher e they shall remain subject to disposition to be provided for by the Authority, provided that the State Treasurer of the State of Oklahoma shall invest said monies …