Housing

SB 2060 updates Oklahoma's rules for creating "master development districts" (large-scale projects like new communities or commercial areas) that operate independently from cities. It requires 100% written consent from all surface property owners in the proposed district and sets a minimum threshold of either 250 acres or $250 million in projected private investment to qualify. The bill establishes independent boards of supervisors to govern these districts, granting them authority to make public improvements like streets, utilities, parks, flood control, and recreational facilities using district bonds. It also clarifies bond issuance rules for these districts under Section 39-115. This directly affects property owners within proposed districts and city planners developing large infrastructure projects.