This bill amends the Oklahoma Economic Development Pooled Finance Act by increasing the cap amounts for both the Infrastructure Pool and the Economic Development Pool from $100 million to $125 million. Specifically, it modifies Sections 891.7 and 891.8 of Title 62 of the Oklahoma Statutes. The amendments authorize the Authority to act as a conduit issuer for eligible local government entities, allowing them to finance infrastructure and economic development projects through pooled financing.

Additionally, the bill stipulates that 65% of the net proceeds from both pools must benefit eligible local government entities with populations not exceeding 300,000, while 35% can be utilized for any eligible local government entities regardless of population size. The bill is set to take effect on November 1, 2026.