HB1069

Oklahoma HB1069 amends the Local Development Act to modify definitions, procedures, and review committee requirements for development projects.

Oklahoma HB1069 amends the Local Development Act by modifying definitions, procedures, and review committee requirements for development projects. The bill updates definitions for terms such as "district," "enterprise area," and "project." It prohibits members of review committees from receiving things of value from entities that could benefit from the formation of incentive or increment districts. The bill mandates that review committees complete instruction, hold annual meetings, and obtain professional opinions before making recommendations.