SB 1000: ROA-25 Revolving Fund; requiring transfer from certain fund to the ROA-25 Revolving Fund; authorizing certain transfer to the ROA-25 Revolving Fund; establishing amounts; providing certain budgeting and expenditure requirements. - Oklahoma

Floor (House) → Floor (Senate) · 4 edits

MODERATE

The bill was revised to reflect its progression from the House to the Senate, including the addition of a committee substitute date and the insertion of a specific amendment regarding the Grand River Dam Authority's bond capacity. The most significant substantive change is the increase in the maximum bond issuance limit for the Grand River Dam Authority from $1.41 billion to $3.6 billion, with an additional provision allowing for up to $2 billion more if approved under a specific economic development act.

Scope change

The bill's scope expanded to allow for a significantly higher debt ceiling for the Grand River Dam Authority, increasing the maximum bond capacity from $1.41 billion to $3.6 billion under standard conditions and up to $5.6 billion total if specific economic development criteria are met.

FISCAL

Added a specific amendment to the Grand River Dam Authority section regarding maximum bond capacity.

Increased the maximum bond issuance limit from $1,410,000,000 to $3,600,000,000.

Added a conditional provision allowing an additional $2,000,000,000 in bonds if approved under the Large-scale Economic Activity and Development Act of 2022.

TECHNICAL

Updated header information to reflect the Senate Floor Version and added a committee substitute date.

Committee Substitute → Floor (House) · 3 edits

MINOR

The bill text was updated to reflect its progression from the Senate Committee Substitute to the House Floor version. The primary changes involve formatting updates, such as adding the 'House of Representatives - Floor Version' header and adjusting the bill title to indicate it is an 'Engrossed Senate Bill.' No substantive policy changes, funding amounts, or legal provisions were altered in this specific diff.

TECHNICAL

The header was changed to identify the document as the House Floor Version of an Engrossed Senate Bill.

The bill title was updated to include the sponsors of the House co-sponsor (Josh Bullard) and the bill number.

Page numbers and footer text were updated to reflect the House Floor version formatting.

Senate Conference Committee Substitute → Committee Substitute · 4 edits

MODERATE

The bill was converted from a Conference Committee Substitute to a Committee Substitute, changing the lead sponsor from Hall and Haste to Bergstrom. The most significant substantive change is a complete rewrite of the statutory language regarding bond authorization, shifting the focus from a specific transfer to the ROA-25 Revolving Fund to a broad authorization for the Grand River Dam Authority to issue up to $1.41 billion in revenue bonds. The scope of the Authority's powers was expanded to include financing cooperation with public agencies and private corporations for various energy and water projects.

Scope change

The bill's scope expanded from a specific fund transfer to a comprehensive authorization for the Grand River Dam Authority to issue significantly larger bonds ($1.41 billion) and cooperate with external entities for energy and water development.

FISCAL

The authorized bond capacity was increased from $180 million to $1.41 billion.

Specific language mandating a transfer of $75 million from the Perform Fund to the ROA-25 Revolving Fund was removed.

SCOPE

New powers were added to allow the Authority to finance projects in cooperation with public agencies, rural electric cooperatives, and private corporations.

TECHNICAL

The document title and sponsor information were updated to reflect the new Committee Substitute status and sponsor Bergstrom.

Enrolled (final version) → Senate Conference Committee Substitute · 3 edits

MINOR

The bill was converted from an enrolled Senate version to a Senate Conference Committee Substitute, which is a final version reconciling differences between the House and Senate. The substantive policy content regarding the transfer of $180 million from the Perform Fund and $75 million from the Department of Commerce to the ROA-25 Revolving Fund remains unchanged. The primary differences are formatting, including the addition of page numbers, session details, and standard conference committee headers, while removing the original 'An Act' and 'Enrolled Senate' titles.

TECHNICAL

The document title was changed from 'An Act' and 'Enrolled Senate' to 'Conference Committee Substitute' to reflect its status as a final reconciled version.

Page numbers, session identifiers (1st Session of the 60th Legislature), and specific request numbers were added for official record-keeping.

Original enactment dates and signatures from the Senate and House were removed, as these are replaced by the Governor's signature on the conference substitute.

Engrossed → Enrolled (final version) · 4 edits · May 28, 2025

MODERATE

The bill was completely rewritten from a general authorization for the Grand River Dam Authority to issue up to $3.6 billion in bonds for various infrastructure projects into a specific funding measure for the ROA-25 Revolving Fund. The new version directs the State Treasurer to transfer $180 million from the Perform Fund and $75 million from Commerce appropriations to this specific fund, replacing the broad bond-issuing authority.

Scope change

The bill's scope shifted from a general enabling act allowing the Grand River Dam Authority to issue bonds for diverse projects (power plants, dams, transmission lines) to a targeted appropriations bill funding a specific revolving fund.

SCOPE

Removed all provisions authorizing the Grand River Dam Authority to issue revenue bonds for corporate purposes, including specific dollar limits and project types like dams and power plants.

FISCAL

Added specific instructions for the State Treasurer to transfer $180 million from the Perform Fund and $75 million from Commerce appropriations to the ROA-25 Revolving Fund.

REQUIREMENT

Added requirements that the transferred funds be budgeted and expended in accordance with law.

TECHNICAL

Changed the bill type from 'Engrossed' (pending final approval) to 'Enrolled' (final version signed by the Governor), and updated the sponsors' names and dates.

Amended And Engrossed → Engrossed · 3 edits · May 22, 2025

MINOR

The bill was renumbered from an 'Engrossed House Amendment' to an 'Engrossed Senate Bill,' indicating it has been fully processed by both legislative chambers. The core policy content remains largely the same, updating the Grand River Dam Authority's maximum bond capacity to $3.6 billion and clarifying its powers to issue bonds for various energy and water projects.

Scope change

The bill's scope and applicability remain unchanged; it continues to authorize the Grand River Dam Authority to issue revenue bonds for corporate purposes, including energy generation, water resources, and facility improvements.

TECHNICAL

The document header was updated to reflect that the bill is now the final 'Engrossed Senate Bill' rather than a House amendment, signifying completion of the legislative process.

Minor formatting and line-break changes were made throughout the text to align the bill with standard Senate formatting conventions.

FISCAL

The maximum bond capacity for the Grand River Dam Authority was updated to $3.6 billion ($3,600,000,000.00), combining the standard $1.41 billion limit with an additional $2.19 billion available if specific economic development applications are approved.

Introduced → Amended And Engrossed · 3 edits · May 22, 2025

MINOR

The bill was amended to significantly increase the maximum bond capacity for the Grand River Dam Authority from $2 billion to $3.6 billion, allowing the agency to borrow more money for infrastructure projects. The amendment also updated the statutory language to be gender-neutral and added new provisions regarding how bond proceeds can be pledged to secure payments.

Scope change

The bill's scope expanded by raising the financial limit for bond issuance, enabling larger funding for power generation and water resource projects.

FISCAL

Increased the maximum bond capacity from $2,000,000,000.00 to $3,600,000,000.00.

TECHNICAL

Updated statutory language to ensure gender neutrality.

REQUIREMENT

Added new clauses specifying that bond payments can be secured by gross or net revenues from properties acquired with the bonds or from any other source.

ROA-25 Revolving Fund; requiring transfer from certain fund to the ROA-25 Revolving Fund; authorizing certain transfer to the ROA-25 Revolving Fund; establishing amounts; providing certain budgeting and expenditure requirements.

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