Oklahoma legislation · 2026 Regular Session
Oklahoma HB4312: Public finance; County Economic Development Closing Fund; procedures; expenditures; agreements; emergency.
Status: In committee, February 3, 2026
What the bill says
An Act relating to public finance; authorizing creation of a County Economic Development Closing Fund; providing monies in fund deemed appropriated; providing for budgeting and expenditure; providing condition for expenditures; prescribing procedures governing expenditure from fund; requiring substantial economic benefit; specifying benefits; prescribing criteria for evaluation of proposed expenditures; prescribing procedures related to county excise board or county budget board; providing for written agreements; prescribing required content of agreement…
From the introduced text, January 15, 2026:
An Act relating to public finance; authorizing creation of a County Economic Development Closing Fund; providing monies in fund deemed appropriated; providing for budgeting and expenditure; providing condition for expenditures; prescribing procedures governing expenditure from fund; requiring substantial economic benefit; specifying benefits; prescribing criteria for evaluation of proposed expenditures; prescribing procedures related to county excise board or county budget board; providing for written agreements; prescribing required content of agreement; providing for disclosure of information related to fund expenditures; prescribing procedures related to certain capital expenditures; providing for codification; and declaring an emergency. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 339 of Title 62, unless there is created a duplication in numbering, reads as follows: A. This act shall permit counties with an excise board as per Section 3005.1 of Title 68 of the Oklahoma Statutes or budg et board as per Section 1407 of Title 19 of the Oklahoma Statutes to establish a County Economic Development Closing Fund. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of: 1. All monies apportioned or allocated to the fund pursuant to law; 2. Any amounts appropriated by the board of county commissioners to …