Public finance; private activity bond allocation; definitions; pools; application; effective date.
HB 1549 modifies Oklahoma's allocation system for private activity bonds, which are tax-exempt bonds used to fund projects like housing and economic development. It redefines key terms and adjusts how the state's annual bond issuance limit ("state ceiling") is divided into specific pools, including increasing the Student Loan Pool to 15.5% and creating new pools for beginning agricultural producers and rural housing. These changes affect state agencies, local governments, housing authorities, and other bond issuers that rely on tax-exempt financing for projects like affordable housing, student loans, and economic development. The bill specifies that allocations from certain pools require approvals from the Oklahoma Department of Commerce or the Council of Bond Oversight. It became law on May 14, 2025, without gubernatorial action.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
Mar 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 14, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
3 edits
MINOR
The bill was revised from the House version to the Senate floor version, primarily involving formatting and structural changes to the bill's header and page organization. The substantive policy content regarding the Private Activity Bond Modernization Act of 2025 remains unchanged, with the same definitions, pools, and requirements for public finance and bond issuance.
TECHNICAL
The bill header was updated to reflect the Senate floor version, including the date April 14, 2025, and changed from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION'.
Page numbering and footer information were reorganized to match Senate formatting standards, including adding page headers indicating 'SENATE FLOOR VERSION' and removing House-specific footers.
Line breaks and spacing in the bill's title and summary were adjusted to conform to Senate document formatting conventions.
Floor votes · Senate May 6, 2025 · House Mar 17, 2025
How they voted
48–0
Passed · 1 other
Total votes 49
May 6, 2025
D
Democratic9
100% Yea
R
Republican40
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
27
Key actions
7
Committee
8
May 6, 2025
Committee
Referred for enrollment
lower
May 6, 2025
Upper · Passed
Engrossed measure signed, returned to House
upper
May 6, 2025
Upper · Passed
Measure passed: Ayes: 46 Nays: 0
upper
Apr 14, 2025
Committee
Referred to Appropriations
upper
Apr 14, 2025
Upper · Passed
Reported Do Pass Revenue and Taxation committee; CR filed
upper
Mar 18, 2025
Introduced
First Reading
upper
Mar 18, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 17, 2025
Committee
Referred for engrossment
lower
Mar 17, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 78 Nays: 6
lower
Mar 6, 2025
Lower · Passed
CR; Do Pass Government Oversight Committee
lower
Feb 19, 2025
Lower · Passed
Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
lower
Feb 12, 2025
Committee
Referred to Banking, Financial Services and Pensions
lower
Feb 4, 2025
Committee
Referred to General Government
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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