HB3311

Modifies limits on infrastructure and economic development pool proceeds.

Amends the Oklahoma Community Economic Development Pooled Finance Act to adjust the limits on net proceeds from the Infrastructure Pool and the Economic Development Pool. Sixty-five percent of the Infrastructure Pool proceeds must benefit local government entities with populations under 300,000, while thirty-five percent can benefit any eligible local government entities for authorized infrastructure projects. The Economic Development Pool proceeds can benefit local government entities or business entities for authorized economic development projects.