OK HB1422

Increases the Grand River Dam Authority's maximum revenue bond capacity from $2 billion to $3.6 billion outstanding at any time

Bonds may be issued for constructing, acquiring, and improving power generation facilities including dams, hydroelectric plants, steam generating plants, transmission lines, and substations

Revenue bonds require approval by at least four Board members and must be reviewed by the Attorney General and registered by the State Auditor and Inspector before sale

Updates statutory language to be gender-neutral and modernizes statutory references throughout the section

Declares an emergency, making the act effective immediately upon passage and approval (passed May 22, 2025)