π Next Meeting: TBD
π§Ύ Bills Pending: 8
π₯
Eric Roberts
(R)
π₯
Gabe Woolley
(R)
Last Action: None
Date: 2026-02-04
Pending: π General Government π Not Scheduled
Author: Jacob Rosecrants
π Details π View Bill on Legislature WebsiteLast Action: None
Date: 2026-02-04
Pending: π General Government π Not Scheduled
Author: Gerrid Kendrix
π Details π View Bill on Legislature WebsiteLast Action: None
Date: 2026-02-03
Pending: π General Government π Not Scheduled
Author: Tom Gann
1
Last Action: None
Date: 2026-02-03
Pending: π General Government π Not Scheduled
Author: Arturo Alonso-Sandoval
π Details π View Bill on Legislature WebsiteLast Action: None
Date: 2025-04-01
Pending: π General Government π Not Scheduled
Author: Julia Kirt
Co-sponsors: Kyle Hilbert Brenda Stanley
π Details π View Bill on Legislature WebsiteLast Action: None
Date: 2025-02-04
Pending: π General Government π Not Scheduled
Author: Michelle McCane
π Details π View Bill on Legislature WebsiteLast Action: None
Date: 2025-02-04
Pending: π General Government π Not Scheduled
Author: Tom Gann
Co-sponsors: Kendal Sacchieri
1
1
YES!!! "E. Approval of the proposed district or the proposed plan or project by the (STRICKEN: governing body which is in accord with the recommendation of the review committee shall be by a majority vote of the governing body. Such approval which is not in accord with the recommendations and/or conditions set forth by the review committee shall be by a two-thirds (2/3) majority) vote voters of the applicable jurisdiction. If the district, plan or project is sponsored by a county, the question for creation of the district, plan or project shall be submitted to a vote of the eligible voters of the county. If the district, plan or project is sponsored by a city or town, the question for creation of the district, plan or project shall be submitted to a vote of the eligible voters of the applicable city or town. No district, plan or project shall be created or approved unless a majority of the eligible voters voting on such question as provided by this subsection approve the creation of the district. Any local taxing jurisdiction that does not separately approve the formation of an increment district shall not Req. No. 10536 Page 13 be included in the district and its tax revenues shall not be apportioned for use by an increment district.
(STRICKEN: Any information relating to the marketing plans, financial statements, trade secrets or any other proprietary information submitted to the review committee by a person or entity seeking adoption and approval of a proposed district, plan or project shall be confidential, except to the extent that the person or entity which provided the information consents to disclosure. Executive sessions may be held to discuss such information if deemed necessary by the review committee.)
SECTION 4. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 855.1-A of Title 62, unless there is created a duplication in numbering, reads as follows: A. No member of a review committee shall accept anything of value from a person, firm, partnership, limited partnership, limited liability partnership, limited liability company, corporation, or other legal entity that would benefit, directly or indirectly, from the formation of an incentive district or an increment district. B. No member of a review committee shall accept anything of value from any person or legal entity acting on behalf of an entity described in subsection A of this section. C. Before a review committee votes to recommend the creation of an incentive district or increment district pursuant to the Req. No. 10536 Page 14 provisions of the Local Development Act, each member of the committee shall be required to complete at least twelve (12) hours of instruction which includes the provisions of the Local Development Act, applicable concepts related to the utilization of sales tax revenue or other locally authorized revenues, including ad valorem tax revenue, in either an incentive district or an increment district. The provider for the instruction shall issue a certificate of completion to a person who successfully completes the course of instruction required by this subsection. D. A review committee shall be required to meet at least once each calendar year. E. Before a review committee makes a recommendation to the applicable governing body for the creation of an incentive district or an increment district, the review committee shall call for a presentation in support of the decision and a presentation in opposition to the decision. F. Before a review committee makes a recommendation to the applicable governing body related to the formation of an incentive district or an increment district, the review committee shall obtain the professional opinion of such legal and financial advisors as the committee may select to evaluate the proposal. No person or firm providing advice to either the applicable governing body or to any legal entity described in subsection A of this section shall be Req. No. 10536 Page 15 eligible to provide advice to the review committee pursuant to the provisions of this subsection. G. Before a review committee makes any recommendation to a governing body related to the formation of an incentive district or an increment district, the review committee shall be provided with the following information related to each and every for-profit business enterprise as described in subsection A of this section: 1. Whether the equity interest of the entity is traded publicly and if so, the market in or upon which the equity securities are listed for purposes of trading; 2. Whether the legal entity is formed pursuant to the laws of a state of the United States or if not, the jurisdiction pursuant to the laws of which the legal entity is organized or authorized to do business; 3. The North American Industry Classification Code, with sufficient specificity to identify the actual business activity to be conducted, for the business enterprise, inclusive of any and all business activity that would be conducted within the boundary of an incentive district or an increment district; 4. Whether the legal entity pursues or has adopted environmental, social, or governance policies that are inconsistent with profit maximization; and 5. Whether the legal entity pursues or has adopted diversity, equity, or inclusion policies. Req. No. 10536 Page 16 H. Before a review committee makes any recommendation to a governing body related to the formation of an incentive district or an increment district, the review committee shall prepare or have a qualified third party prepare an economic impact study which shall include the effect of any apportioned tax revenues on local taxing jurisdictions, the economic effects likely to occur as a result of the completion of the project and such other information as the review committee may determine to be relevant.
Last Action: None
Date: 2025-02-04
Pending: π General Government π Not Scheduled
Author: Tom Gann
1
1
Yes! Great bill.