Oklahoma HB3979 increases the cap on the Infrastructure Pool and Economic Development Pool under the Oklahoma Economic Development Pooled Finance Act.

Oklahoma HB3979 amends the Oklahoma Economic Development Pooled Finance Act by increasing the cap on the Infrastructure Pool to $100,000,000 and the Economic Development Pool to $125,000,000. Sixty-five percent of the Infrastructure Pool proceeds must benefit local government entities with populations under 300,000, while 35% can benefit any eligible local government entity. Similarly, 65% of the Economic Development Pool proceeds must benefit local government entities with populations under 300,000, while 35% can benefit any eligible local government entity.

Oklahoma HB3979 increases the cap on the Infrastructure Pool and Economic Development Pool under the Oklahoma Economic Development Pooled Finance Act.

Oklahoma HB3979 amends the Oklahoma Economic Development Pooled Finance Act by increasing the cap on the Infrastructure Pool to $100,000,000 and the Economic Development Pool to $125,000,000. Sixty-five percent of the Infrastructure Pool proceeds must benefit local government entities with populations under 300,000, while 35% can benefit any eligible local government entity. Similarly, 65% of the Economic Development Pool proceeds must benefit local government entities with populations under 300,000, while 35% can benefit any eligible local government entity.