This bill establishes new requirements for municipal bond proposals in Oklahoma. It mandates that each bond proposal presented to voters must focus on a single subject, which must be clearly defined in the ballot title. While multiple bond proposals can appear on the same ballot, each must be voted on separately. Additionally, the bill introduces a test to determine if a bond proposal violates this act, specifically if the funds raised are allocated to more than one agency, department, or director within the municipality.

The new legal language will be codified as Section 13-113 of Title 26 in the Oklahoma Statutes, and the bill is set to take effect on November 1, 2026. This legislation aims to enhance transparency and clarity in the municipal bond proposal process, ensuring that voters are well-informed about the specific purposes of the bonds they are voting on.