HB3726

Oklahoma HB3726 mandates that bonds issued by the Oklahoma Turnpike Authority after November 1, 2026, be secured solely by the revenues of the.

Oklahoma HB3726 amends the Oklahoma Turnpike Authority's bond issuance rules, requiring that bonds issued after November 1, 2026, be secured only by the revenues of the specific turnpike or project for which they are issued. The bill prohibits the Authority from combining two or more projects into one unit and mandates that revenues from any turnpike, roadway, or project not be pledged, committed, transferred, or otherwise encumbered to secure bonds or other obligations issued for any other project.