HB4056

Capitol Improvement Authority; allocation of funds from Legacy Capital Financing Fund; utilization; Oklahoma State Bureau of Investigation; recapitalization payments; distributions; liming utilization; LCF funds; codification.

Complete·4/23/26

Public Finance Act of 2026 establishes noncodified provisions for Oklahoma's Capitol Improvement Authority and Legacy Capital Financing Fund.

The Public Finance Act of 2026 introduces noncodified provisions for Oklahoma's Capitol Improvement Authority and the Legacy Capital Financing Fund. It outlines the allocation of funds from the Legacy Capital Financing Fund for utilization by the Oklahoma State Bureau of Investigation. The act also addresses recapitalization payments and distributions, as well as the use of liming in the fund. The act is set to become effective on November 1, 2026.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
4
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Democratic CaucusRepublican Caucus

Roll Call Votes

42 Yea

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0 Nay

6 Absent

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Calendar

Apr 13

4:30 PM

Senate Joint Committee on Appropriations and Budget 3rd Revised Hearing

Apr 13

4:30 PM

Senate Joint Committee on Appropriations and Budget 2nd REVISED Hearing

History

Apr 23

House

Becomes law without Governor's signature 04/23/2026

Apr 16

Senate

JCR adopted

Apr 16

Senate

Measure passed: Ayes: 42 Nays: 0