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OK SB610

Bill

Official Source

Status

Introduced

2/4/2013

Primary Sponsor

Skye McNiel

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Amends 62 O.S. 2011, Section 891.8 relating to the Oklahoma Community Economic Development Pooled Finance Act

  • Increases the maximum bond issue amount for the Economic Development Pool from $100,000,000 to $200,000,000

  • Maintains the allocation requirements: 65% of net proceeds for municipalities with population not exceeding 300,000 persons, 35% for any eligible local government entities

  • Preserves existing provisions for tax-exempt or taxable bond issuance based on federal private activity bond rules

  • Effective date: November 1, 2013

Legislative Description

Public finance; modifying cap amount on economic development bond pool. Effective date.

Public Finance

Last Action

coauthored by McNiel (principal House author)

2/18/2013

Committee Referrals

Appropriations2/5/2013

Full Bill Text

No bill text available