Senate Joint Resolution 69 Summary

• Proposes an amendment to Section 23a of Article X of the Oklahoma Constitution to modernize the sinking fund language for state bonded debt payments

• Removes obsolete language referencing three specific historical State Funding Bond Funds from 1935, 1939, and 1941

• Replaces outdated terminology (such as "said Sinking Fund") with clearer modern language (such as "the sinking fund")

• Maintains the core function requiring surplus General Revenue Fund money to be placed in a sinking fund for paying principal and interest on state bonded indebtedness

• Directs the Secretary of State to submit the amendment to voters with the specified ballot title describing it as a measure to amend Article 10 by deleting obsolete language