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OK SB1952
Bill
Status
2/2/2026
Primary Sponsor
Lisa Standridge
Click for details
AI Summary
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Establishes a $4 billion cap on total aggregate indebtedness outstanding at any time for Oklahoma Turnpike Authority revenue bonds
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Bonds may not exceed 40 years from their date of issuance and must comply with interest rate limitations for public trust indebtedness under Section 176 of Title 60
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Updates statutory references from "Oklahoma State Bond Advisor" to "Deputy Treasurer for Debt Management" for approval of derivative products and interest rate hedging transactions
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Requires Council of Bond Oversight approval under the Oklahoma Bond Oversight and Reform Act for any derivative transactions related to bond issuance
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Effective date: November 1, 2026
Legislative Description
Oklahoma Turnpike Authority; establishing a bond debt ceiling. Effective date.
Last Action
Second Reading referred to Aeronautics and Transportation Committee then to Appropriations Committee
2/3/2026