Public finance; Oklahoma Economic Development Pooled Finance Act; Infrastructure Pool; Economic Development Pool; caps; effective date; emergency.
HB 3979 increases the funding cap for Oklahoma's Infrastructure Pool and Economic Development Pool from $100 million to $125 million each. It requires 65% of funds from both pools to support smaller municipalities (under 300,000 residents) and 35% to serve all eligible local governments regardless of size. The bill applies directly to Oklahoma cities and counties seeking infrastructure or economic development financing through these pools. The changes take effect November 1, 2026.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2026
Committee Review
May 2026
House Passage
May 2026
Senate Passage
Apr 2026
Signed into Law
May 2026
Introduced Feb 2, 2026
Signed May 12, 2026
Maddy AI version diff · 5 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
2 edits
MINOR
The bill was amended to expand the scope of the Economic Development Pool to include for-profit business entities alongside local governments. Additionally, the effective date for the legislation was moved from November 1, 2026, to July 1, 2026.
Scope change
The Economic Development Pool's eligibility was broadened to allow financing for projects involving for-profit business entities, whereas the original version was limited to local government entities.
SCOPE
Expanded the Economic Development Pool to fund projects involving for-profit business entities in addition to local government entities.
TIMELINE
Changed the effective date of the act from November 1, 2026, to July 1, 2026.
Floor votes · Senate Apr 29, 2026 · House Mar 24, 2026
How they voted
34–12
Passed · 4 other
Total votes 50
Apr 29, 2026
D
Democratic9
88% Yea
R
Republican41
63% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
28
Key actions
9
Committee
5
May 12, 2026
Signed into law
Approved by Governor 05/12/2026
lower
May 6, 2026
Committee
Referred for enrollment
lower
May 6, 2026
Lower · Passed
Fourth Reading, Measure and Emergency Passed: Ayes: 83 Nays: 6
lower
May 6, 2026
Lower · Passed
SA's read, adopted
lower
Apr 30, 2026
Upper · Passed
Engrossed to House
upper
Apr 29, 2026
Committee
Referred for engrossment
upper
Apr 29, 2026
Upper · Passed
Measure and Emergency passed: Ayes: 32 Nays: 12
upper
Apr 22, 2026
Upper · Passed
Reported Do Pass as amended Appropriations committee; CR filed
upper
Mar 25, 2026
Introduced
First Reading
upper
Mar 25, 2026
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 24, 2026
Committee
Referred for engrossment
lower
Mar 24, 2026
Lower · Passed
Third Reading, Measure passed: Ayes: 73 Nays: 13
lower
Feb 18, 2026
Lower · Passed
CR; Do Pass Appropriations and Budget Committee
lower
Feb 2, 2026
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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