Public finance; Local Development Act; definitions; procedures; review committees; impact statement; effective date.

HB 1069 amends Oklahoma's Local Development Act to change how local governments approve development projects in designated areas (like blighted or historic districts). It requires voter approval for certain district plans and mandates majority votes instead of supermajorities for project approvals. The bill also adds new requirements for review committees, including annual meetings, mandatory training, professional opinion reviews, and economic impact statements before projects proceed. These changes directly affect cities, towns, and counties managing development districts under the act, altering their approval processes and oversight requirements.