HJR 1008 Summary

• Proposes a constitutional amendment to add Section 44 to Article X of the Oklahoma Constitution, authorizing the state to incur debt for repairs and refurbishment of the State Capitol building.

• Authorizes issuance of bonds or obligations to provide up to $153,000,000 in net proceeds, with maximum maturity of 25 years.

• Requires the Oklahoma State Building Bonds Commission to issue the obligations and the State Treasurer to make repayment from the General Revenue Fund before any other fund dispositions.

• Mandates the State Treasurer certify repayment amounts to the State Board of Equalization on a periodic basis as required for accurate accounting.

• Directs the Secretary of State to refer the proposed amendment to voters for approval or rejection with the specified ballot title language.