OK SB817

Local government entities must publish descriptions of projects funded by bond proceeds, unpaid/unfinished previous bonds, and detailed accounting of how prior bond proceeds were used, including physical addresses for real property acquisitions, at least 30 days after voter approval.

Information must be published on the local government's website, or through alternative internet methods if no website exists, or in a newspaper of general circulation as a last resort.

Transparency requirements apply to counties, cities, towns, common school districts, career technology districts, Emergency Medical Service Districts, and Solid Waste Management Districts issuing bonds requiring sinking fund millage or authorized under Oklahoma Constitution Article X.

Obligations issued by trusts organized under Section 176 et seq. of Title 60 of the Oklahoma Statutes are now subject to the same transparency requirements when proceeds are expended for local government projects or property.

Any local government entity failing to comply with these transparency provisions is prohibited from issuing any bonds or obligations until coming into compliance; the act becomes effective November 1, 2025.