OK HB1422

Increases the Grand River Dam Authority's maximum bond capacity from $1.41 billion to $3.6 billion when the Oklahoma Department of Commerce approves a large-scale economic activity application, or to $2 billion without such approval.

Authorizes revenue bonds for corporate purposes including acquiring steam generating plants, dams, reservoirs, hydroelectric and electrical power plants, transmission lines, and related facilities.

Updates statutory language to be gender-neutral and modernizes references, including replacing "this act" with specific statutory section citations.

Establishes procedures for bond issuance, default remedies for bondholders, trustee appointment, and Attorney General approval and State Auditor registration requirements.

Declares an emergency effective upon passage and approval by the Governor.