OK SB342

Modifies review committee membership to include representatives from the governing body, planning commission, each affected taxing jurisdiction, and three public members (with at least one from the business community).

Requires review committee to analyze revenue projections, impacts on taxing entities, and financial effects on business activities within the proposed district, with the governing body required to address these findings.

Mandates that the first public hearing include an analysis of potential positive or negative impacts from the proposed project plan, with a representative presenting the plan.

Requires registered persons, entities, and organizations to receive notice of public hearings and copies of the project plan analysis by electronic mail or first-class mail, with the clerk providing an affidavit of compliance.

Takes effect November 1, 2015.