This bill establishes the Career Technology Business Partnership Pool, which allows the Oklahoma Development Finance Authority to act as a conduit issuer for career technology districts in collaboration with employers for economic development projects. The Authority is authorized to issue obligations up to $50 million for this purpose, with proceeds designated for financing eligible career technology districts. The obligations can be issued on a tax-exempt basis if allowed under federal law; otherwise, they will be taxable.

Additionally, the bill amends existing statutes related to the Oklahoma Community Economic Development Pooled Finance Act, updating definitions and references. Notable insertions include the definition of the "Career Technology Business Partnership Pool" and the "Infrastructure Pool," which outlines the use of proceeds for financing infrastructure projects. The bill also modifies the designation of the revolving fund for the Oklahoma Development Finance Authority, ensuring it is a continuing fund not subject to fiscal year limitations. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage.