OK HB1069

Requires voter approval by majority vote for creation of any Tax Increment Financing (TIF) district, plan, or project—county-sponsored projects require county-wide vote, city/town-sponsored projects require municipal vote

Removes confidentiality protections for marketing plans, financial statements, trade secrets, and proprietary information submitted to review committees by developers seeking district approval

Prohibits review committee members from accepting anything of value from entities that would benefit from district formation, and requires members to complete 12 hours of instruction on the Local Development Act before voting on recommendations

Mandates review committees hold annual meetings, hear both supporting and opposing presentations before making recommendations, obtain independent legal and financial opinions (excluding advisors to the governing body or developer), and prepare economic impact studies

Requires disclosure from benefiting businesses about public trading status, jurisdiction of formation, NAICS codes, and whether they have adopted ESG or DEI policies; replaces "blighted" terminology with "underdeveloped" throughout the Act