Oklahoma Turnpike Authority; establishing a bond debt ceiling. Effective date.

SB 1952 sets a $4 billion total borrowing limit for the Oklahoma Turnpike Authority on all its revenue bonds, replacing the previous statutory cap. This bill directly affects the Oklahoma Turnpike Authority by restricting the total amount of debt it can issue at any time. The key provision amends Section 1709 of Oklahoma law to establish this $4 billion ceiling on aggregate outstanding bond debt. The bill does not alter bond issuance procedures, interest rates, or repayment terms, only the maximum total borrowing amount.