Oklahoma Turnpike Authority; establishing bond debt ceiling; effective date.
HB 2093 establishes a $3.15 billion debt ceiling for the Oklahoma Turnpike Authority's revenue bonds, setting a new maximum total outstanding debt limit. The bill directly affects the Authority by restricting its ability to issue bonds for turnpike projects, requiring all bond proceeds to fund specific turnpike costs. Key provisions include rules for handling budget overruns (issuing additional bonds) or surpluses (depositing funds to a sinking fund), while maintaining standard bond terms for interest rates, maturity, and redemption. This is a procedural financial limit, not a new project or policy change.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Feb 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Feb 4, 2025
Committee
Referred to Appropriations and Budget Transportation Subcommittee
lower
Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Annie Menz
DDemocratic
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