Oklahoma HB3311 modifies the Oklahoma Community Economic Development Pooled Finance Act by adjusting the limits for the Infrastructure Pool and the.
Oklahoma HB3311 amends the Oklahoma Community Economic Development Pooled Finance Act by changing the limits for the Infrastructure Pool and the Economic Development Pool. The bill sets the Infrastructure Pool limit at $125,000,000 and the Economic Development Pool limit at $125,000,000. It specifies that 65% of the net proceeds from the Infrastructure Pool must benefit local government entities with populations under 300,000, while 35% can benefit any eligible local government entities.
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