Oklahoma legislation · 2026 Regular Session
Oklahoma HB4310: Public finance; Bond Oversight Revolving Fund; fees; disposition of funds; repealer; effective date; emergency.
Status: In committee, February 3, 2026
What the bill says
An Act relating to public finance; amending 62 O.S. 2021, Section 695.8, which relates to the powers and duties of the Council of Bond Oversight; providing for apportionment of fee to the State Treasurer Revolving Fund; providing for expenditure of funds; repealing 62 O.S. 2021, Section 695.8a, which relates to the Bond Oversight Revolving Fund; providing for disposition of fund balance; providing for noncodification; providing an effective date; and declaring an emergency.
From the introduced text, January 15, 2026:
An Act relating to public finance; amending 62 O.S. 2021, Section 695.8, which relates to the powers and duties of the Council of Bond Oversight; providing for apportionment of fee to the State Treasurer Revolving Fund; providing for expenditure of funds; repealing 62 O.S. 2021, Section 695.8a, which relates to the Bond Oversight Revolving Fund; providing for disposition of fund balance; providing for noncodification; providing an effective date; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 62 O.S. 2021, Section 695.8, is amended to read as follows: Section 695.8. A. The Council of Bond Oversight shall: 1. Make determinations as to whether the purposes for which obligations proposed to be issued by a State Governmental Entity, in conjunction with a State Governmental Entity Financing, are for the furtherance and accomplishment of authorized and proper public functions or purposes of the state or of any county or municipality, Req. No. 14286 Page as s pecified in the statutes governing public trusts organized pursuant to Title 60 of the Oklahoma Statutes; 2. Review proposed issuance of debt by State Governmental Entities for compliance with any applicable provisions of federal, state or other laws; 3. Review such other matters as the Council deems relevant to the Application, including, without limitation, sources of repayment …
Sponsors
- Jason Blair (R, HD-053) · primary sponsor