Rep. Trey Caldwell

Maddy summaryHB 2792 preserves over $120 million in existing rural economic funding by designating the "Progressing Rural Economic Prosperity Fund" (PREP Fund) as a continuing fund, no longer subject to annual fiscal year limits. It ensures specific projects funded by prior legislation - such as $25 million from HB 1019 (58th Legislature) and $22.5 million from HB 1017 - retain their full allocations without needing new annual appropriations. The bill directly affects rural economic development projects that received these previously allocated funds, preventing lapse of committed resources. It makes no new spending commitments but secures continuity for existing rural economic initiatives.

Maddy summarySB 85 increases the state's reimbursement rate for counties operating jail facilities, directly affecting county correctional systems and the state budget. The bill amends the existing funding structure to provide higher per-inmate payments to counties. It became law on May 29, 2025, without the Governor's signature. This policy change adjusts the financial support provided to counties for housing inmates.

Maddy summaryHB 2793 appropriates $8 million from Oklahoma's Progressing Rural Economic Prosperity Fund to the Emergency Medicine Revolving Fund, established under prior legislation (HB 2784). This funding supports emergency medical services and facilities across Oklahoma, directly benefiting hospitals, clinics, and emergency care providers. The money will be used to replenish the revolving fund, allowing it to provide loans or grants for emergency medicine infrastructure without requiring new annual appropriations. The bill takes effect on July 1, 2025, and was enacted without the Governor's signature on May 29, 2025.

Maddy summarySB 687 creates a sales tax rebate program for broadband providers purchasing equipment to expand service in underserved areas, administered by the Oklahoma Broadband Office and Tax Commission. Providers must demonstrate new customer growth in underserved regions (defined by population density thresholds) to qualify, with rebates capped at $42 million total - $31.5 million reserved for low-density counties (<100 people/sq. mile) and $10.5 million for higher-density areas. The program uses a revolving fund in the state treasury to pay approved claims, requiring claims for 2025+ purchases to be submitted to the Broadband Office by September 1 annually. It excludes non-essential expenses like marketing or office operations from eligibility.

Maddy summarySB 1000 transfers $180 million from the Perform Fund and $75 million from Oklahoma Department of Commerce appropriations to the existing ROA-25 Revolving Fund. The bill requires these specific budget transfers to fund the fund's established purposes without creating new programs or affecting citizens directly. It is a procedural budget adjustment that reallocates existing state funds between designated accounts. The bill was enacted by the governor on May 28, 2025.

Maddy summaryHB 2765 renames Oklahoma's "Cash Management and Investment Oversight Commission" to the "Invest in Oklahoma Board" and establishes a new program allowing state retirement systems and other specified public funds (like teachers' and firefighters' retirement systems) to invest up to 5% of their assets in Oklahoma-based venture capital, private equity, and growth funds. The bill requires these investments to be approved by the new board, sets criteria for selecting investment advisors (including local investment experience), and eliminates some existing reporting requirements. It directs state funds toward local economic development while maintaining oversight for investment safety and returns. The program aims to channel public investment into Oklahoma businesses through a structured, board-approved process.

Maddy summaryHB 2764 establishes a framework for determining when Oklahoma can reduce income tax rates based on state revenue levels. It requires the State Board of Equalization to annually certify five-year average revenue amounts from oil, natural gas, and corporate income taxes. If projected revenue exceeds these averages, specific portions (100% for oil/gas, 25% to a reserve fund and 75% to a stabilization fund for corporate tax) must be deposited into state funds. This bill directly affects Oklahoma taxpayers paying these specific taxes and sets the revenue thresholds that would trigger future income tax rate reductions. The law was approved by the Governor on May 28, 2025.

Maddy summaryHB 2781, the Reindustrialize Oklahoma Act of 2025 (ROA-25), creates a new economic development program offering rebates to qualifying manufacturing businesses. It requires applicants to commit to $2 billion in capital investments and create at least 700 new jobs in the first year (rising to 1,000+ annually), targeting businesses in manufacturing sectors (NAICS 31-33). The Oklahoma Department of Commerce administers the program, disbursing rebates from a dedicated fund (ROA-25 Beneficiary Revolving Fund) after verifying job creation and capital spending. The bill prohibits recipients from also claiming other state incentives like the Quality Jobs Program for the same project. The act was approved by the Governor on May 28, 2025.

Maddy summaryThis bill amends Oklahoma's payroll and claims processing procedures for state agencies, not tort liability as the title suggests. It authorizes the Director of the Office of Management and Enterprise Services to establish electronic systems and forms for processing claims and payrolls, allowing agencies to file claims against multiple fund accounts and requiring detailed payroll records showing earnings, withholdings, and net pay per employee. The changes apply directly to all state agencies and their employees, streamlining how claims are submitted, audited, and paid. It does not alter liability limits for tort claims, as the title incorrectly implies, but focuses solely on administrative payroll and claims management systems. The bill was enacted on May 27, 2025, after approval by the Governor.

Maddy summarySB 1171 amends Oklahoma's state payroll and claims procedures to modernize administrative processes for state agencies. It authorizes the Director of the Office of Management and Enterprise Services to establish electronic systems for processing payroll and claims, allowing agencies to file claims against multiple fund accounts simultaneously. The bill requires detailed payroll records showing total earnings, specific withholdings (like taxes), and net pay for each employee, with withholdings reserved for lump-sum payments to appropriate entities. This directly affects all state agencies and employees by updating how payroll is processed and documented. (Note: The bill's title referencing "repealing the Perform Act" appears inconsistent with the actual content, which focuses on administrative payroll updates rather than incentives or repeal.)