Career technology; creating Career Technology Business Partnership Pool; obligations; proceeds; definitions; fund; effective date.
HB 3429 creates a $50 million Career Technology Business Partnership Pool to finance economic development projects in Oklahoma. It allows career technology districts (vocational schools) to partner with for-profit businesses, using pooled financing for projects that meet workforce needs. Key requirements include adding financial literacy courses to district curricula, prohibiting districts from having outstanding debt while using the program, and ending eligibility after June 30, 2032. The pool is managed by the Oklahoma Development Finance Authority, with bonds potentially issued tax-exempt under federal law.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2026
Committee Review
Apr 2026
House Passage
Mar 2026
Senate Passage
Governor
Introduced Feb 2, 2026
Last action Apr 23, 2026
Maddy AI version diff · 5 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
The bill was revised from its House version to the Senate floor version, primarily reorganizing the text structure and renumbering sections. Substantively, the Senate version added a new requirement that career technology districts using the program must include financial literacy in their course offerings and prohibits them from having any outstanding indebtedness while participating in the program. It also explicitly defined 'For-profit business' to ensure clarity on eligible partners.
Scope change
The scope of the bill remains focused on creating a Career Technology Business Partnership Pool, but the Senate version adds specific operational constraints on participating districts regarding debt and curriculum.
REQUIREMENT
Added a mandate that career technology districts utilizing the act must include financial literacy as part of their course offerings.
ELIGIBILITY
Added a prohibition preventing career technology districts from having any outstanding indebtedness while participating in or benefiting from the program.
DEFINITION
Added a specific definition for 'For-profit business' to clarify that it refers to lawful activities conducted with the goal of selling goods or services at a price greater than actual costs.
TECHNICAL
Reorganized the document structure, moving the title and act description to the top and renumbering sections to align with Senate floor formatting standards.
Floor votes · House Mar 11, 2026
How they voted
78–11
Passed · 11 other
Total votes 100
Mar 11, 2026
D
Democratic18
88% Yea
R
Republican82
75% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
16
Key actions
5
Committee
5
Apr 21, 2026
Upper · Passed
Reported Do Pass Economic Development, Workforce and Tourism committee; CR filed
upper
Mar 12, 2026
Introduced
First Reading
upper
Mar 12, 2026
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 11, 2026
Committee
Referred for engrossment
lower
Mar 11, 2026
Lower · Passed
Third Reading, Measure passed: Ayes: 79 Nays: 10
lower
Mar 5, 2026
Lower · Passed
CR; Do Pass, amended by committee substitute Appropriations and Budget Committee
lower
Feb 10, 2026
Lower · Passed
Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Education Subcommittee
lower
Feb 3, 2026
Committee
Referred to Appropriations and Budget Education Subcommittee
lower
Feb 2, 2026
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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