OK HB3726

Bonds issued by the Oklahoma Turnpike Authority on or after November 1, 2026, must be secured only by revenues from the specific turnpike or project for which they are issued, prohibiting cross-pledging of revenues between different turnpikes.

The Authority must maintain segregated revenue, reserve, and sinking fund accounts for each individual turnpike or project after the effective date.

Beginning November 1, 2026, the Authority may no longer combine multiple proposed turnpike projects into one unit for financing purposes under a single bond indenture.

No new revenue bonds or debt obligations may be issued that would extend the final maturity date of bonds issued under the ACCESS program announced on February 22, 2022.

Once bonds for a turnpike issued after November 1, 2026, are fully paid, that turnpike must become part of the state highway system and be maintained toll-free, rather than continuing to generate revenue for other projects.