HJR 1033 Summary

• Proposes constitutional amendment adding Section 44 to Article X authorizing Oklahoma to issue bonds for State Capitol Building repairs and refurbishment.

• Authorizes debt issuance up to $200,000,000 in net proceeds, with maximum 30-year maturity period.

• Establishes Oklahoma Building Bonds Commission as responsible entity for bond issuance with repayment from General Revenue Fund of State Treasury.

• Remaining funds after Capitol Building repairs may be used for renovation of other assets within State Capitol Park as defined by statute.

• Requires State Treasurer to certify bond payments to State Board of Equalization and provides ballot title for voter approval.