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OK HB1549
Bill
Status
5/14/2025
Primary Sponsor
Mark Lepak
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AI Summary
HB 1549 Summary
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Enacts the "Private Activity Bond Modernization Act of 2025" to modernize Oklahoma's private activity bond allocation system
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Modifies state ceiling allocations by reducing Student Loan Pool from 15.5% to 10% and increasing Economic Development Pool from 12% to 25%
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Increases Oklahoma Housing Finance Agency Pool from 15% to 40% with provisions for military installation housing needs certification
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Changes confirmation expiration dates for private activity bonds and mortgage credit certificates from December 20 to December 1 of each calendar year
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Becomes effective November 1, 2025
Legislative Description
Public finance; private activity bond allocation; definitions; pools; application; effective date.
Last Action
Becomes law without Governor's signature 05/14/2025
5/14/2025