SB 1332 Oklahoma Senate · 2026 Regular Session

Oklahoma Water Resources Board; creating the Targeted Housing and Responsible Infrastructure for Vital Economies (THRIVE) Act. Effective date.

SB 1332, the THRIVE Act, creates a program providing zero-interest loans to eligible housing developers needing water, wastewater, or stormwater infrastructure to complete housing projects. It establishes a $100 million revolving fund administered by the Oklahoma Water Resources Board, allocating funds based on population size (33% to large cities, 33% to mid-sized areas, 34% to small communities). The program requires a scoring system for applications prioritizing housing needs, economic development, workforce housing, and fiscal sustainability, with a clawback provision requiring repayment if projects aren't completed. It mandates annual public reporting on project status and outcomes, effective November 1, 2026.

Bill status in committee 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Mar 2026

Senate Passage

Mar 2026

House Passage

Governor

Introduced Feb 2, 2026 Last action Mar 9, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

SB1332 (3-24-26) (JETT) FA1.PDF → Floor (Senate) · 7 edits

MODERATE

The bill was completely rewritten from a proposed amendment to a full Senate floor version, transforming it from a conditional immigration-based trigger into a comprehensive housing and infrastructure funding program. The new version establishes a zero-interest loan program for housing projects that include water infrastructure, creates a revolving fund with specific allocation percentages based on population size, and adds clawback provisions for non-compliant recipients.

Scope change

The bill's scope expanded from a conditional immigration-based provision to a full housing and infrastructure funding program with specific allocation mechanisms and administrative requirements.

SCOPE

Created a new THRIVE Communities Program that provides zero-interest loans for housing projects requiring water, wastewater, or stormwater infrastructure.

FISCAL

Established a revolving fund in the State Treasury with specific allocation percentages: 33% for areas over 400,000 population, 33% for areas between 30,000-400,000, and 34% for areas under 30,000.

REQUIREMENT

Added clawback provisions requiring loan recipients to reimburse funds if they fail to meet contract terms.

Mandated annual reporting on project status, completion dates, housing units built, and recaptured funds.

Required eligible entities to prioritize in-state contractors and businesses per existing Oklahoma law.

ENFORCEMENT

Removed the original provision that would only activate if immigration/foreign-born residents fell below 0.5% of the population.

TIMELINE

Changed effective date from conditional immigration determination to standard legislative enactment with post-2027 access provisions for remaining reserves.

Floor votes · Senate Mar 4, 2026

How they voted

24–1

Passed

Total votes 25

Mar 4, 2026

D Democratic6

6 Yea

100% Yea

R Republican19

18 Yea 1 Nay

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2026

Upper · Passed

Reported Do Pass as amended Appropriations committee; CR filed

upper

Mar 4, 2026

Senate · Passed

Senate Vote: pass (24-1)

senate

Feb 10, 2026

Committee

Referred to Appropriations

upper

Feb 10, 2026

Upper · Passed

Reported Do Pass as amended Economic Development, Workforce and Tourism committee; CR filed

upper

Feb 2, 2026

Introduced

First Reading

upper

2 primary · 0 co-sponsors