Turnpikes; establishing a bond debt ceiling. Effective date.

SB 963 establishes a $2.71 billion debt ceiling for the Oklahoma Turnpike Authority's revenue bonds, limiting the total outstanding debt for all turnpike projects combined. The bill amends existing law to set this cap, requiring the Authority to stay within this amount when issuing bonds for turnpike construction or improvements. It directly affects the Authority's ability to finance new turnpike projects or expansions by capping total bond debt at $2.71 billion. This is a procedural change to financial oversight, not a new policy affecting public services or taxes.