This bill amends the Oklahoma Community Economic Development Pooled Finance Act by modifying the financial limits for both the Infrastructure Pool and the Economic Development Pool. Specifically, it increases the maximum amount that the Authority can issue for both pools from One Hundred Million Dollars ($100,000,000.00) to One Hundred Twenty-Five Million Dollars ($125,000,000.00). This change is intended to enhance the Authority's ability to finance infrastructure and economic development projects for eligible local government entities.

Additionally, the bill maintains the allocation of proceeds from both pools, with 65% designated for local government entities with populations not exceeding 300,000, and 35% available for all eligible entities regardless of population. The bill also allows for the issuance of obligations on a tax-exempt basis if permitted by federal law. The effective date for these changes is set for November 1, 2026.