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HB 1549OKLAHOMASession 2026State BillBecame law without the governor's signature
Enacted

Oklahoma enacts Private Activity Bond Modernization Act of 2025 to restructure state ceiling allocations

Original title: Public finance; private activity bond allocation; definitions; pools; application; effective date.

Last action · May 14, 2025: Becomes law without Governor's signature 05/14/2025

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

House Bill 1549 creates the Private Activity Bond Modernization Act of 2025, restructuring the allocation pools, percentages, and application rules for tax-exempt in Oklahoma starting November 1, 2025.

Why it matters

Changes the percentage caps for state debt pools—such as increasing the Economic Development Pool from 12% to 25% and adjusting housing and student loan allocations—directly affecting how local issuers and state agencies secure tax-exempt financing for public projects.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

state issuers

State public trusts and agencies must follow updated application timelines, fee structures, and pool limits when issuing private activity bonds.

Directly affected

local issuers

Municipalities and county public trusts face revised pool percentages, carryforward deadlines, and eligibility caps when applying for state ceiling allocations.

Directly affected

Oklahoma Housing Finance Agency

The agency receives a revised 40% state ceiling pool allocation and specific set-aside requirements for single-family loans in smaller counties.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What does the Private Activity Bond Modernization Act of 2025 do?
It updates definitions, modifies allocation percentages for various state debt pools, alters application and fee structures, and changes the annual deadline for bond confirmations and projects to December 1.
When do unallocated funds in the various pools get consolidated?
Nonallocated sums remaining in the pools are consolidated into the Consolidated Pool on September 2 of each calendar year.
What is the new percentage for the Economic Development Pool?
The Economic Development Pool is increased to twenty-five percent (25%) of the .

What else do you want to know?

News Coverage

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Where This Stands

Current status: Became law without the governor's signature.

Procedural history

27 actions
  1. May 14, 2025House
    Becomes law without Governor's signature 05/14/2025
  2. May 7, 2025House
    Sent to Governor
  3. May 7, 2025Senate
    Enrolled measure signed, returned to House
  4. May 7, 2025House
    Enrolled, signed, to Senate
  5. May 6, 2025HouseCommittee
    Referred for enrollment
  6. May 6, 2025Senate
    Engrossed measure signed, returned to House
Show 21 earlier actions
  1. May 6, 2025SenateFloor
    Measure passed: Ayes: 46 Nays: 0
  2. May 6, 2025Senate
    General Order, Considered
  3. Apr 16, 2025Senate
    Placed on General Order
  4. Apr 16, 2025SenateCommittee
    Withdrawn from Appropriations committee
  5. Apr 14, 2025SenateCommittee
    Referred to Appropriations
  6. Apr 14, 2025SenateFloor
    Reported Do Pass Revenue and Taxation committee; CR filed
  7. Apr 1, 2025SenateCommittee
    Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
  8. Mar 18, 2025SenateIntroduced
    First Reading
  9. Mar 18, 2025House
    Engrossed, signed, to Senate
  10. Mar 17, 2025HouseCommittee
    Referred for engrossment
  11. Mar 17, 2025HouseFloor
    Third Reading, Measure passed: Ayes: 78 Nays: 6
  12. Mar 17, 2025House
    General Order
  13. Mar 6, 2025House
    Authored by Senator Bergstrom (principal Senate author)
  14. Mar 6, 2025HouseFloor
    CR; Do Pass Government Oversight Committee
  15. Feb 19, 2025HouseFloor
    Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
  16. Feb 12, 2025HouseCommittee
    Referred to Banking, Financial Services and Pensions
  17. Feb 12, 2025HouseCommittee
    Withdrawn from General Government Committee
  18. Feb 4, 2025HouseCommittee
    Referred to General Government
  19. Feb 4, 2025HouseCommittee
    Second Reading referred to Government Oversight
  20. Feb 3, 2025House
    Authored by Representative Lepak
  21. Feb 3, 2025HouseIntroduced
    First Reading

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Expansion of Economic Development Pool

The legislation substantially increases the allocation for the Economic Development Pool from 12% to 25%, signaling a greater emphasis on manufacturing and economic projects.

Oklahoma Department of CommerceCouncil of Bond Oversight

Connected Entities

Oklahoma Housing Finance Agency, Oklahoma Strategic Military Planning Commission, Bergstrom and 5 more
OrganizationOklahoma Housing Finance Agency“Housing finance agency receiving a designated allocation pool”Map →
OrganizationOklahoma Strategic Military Planning Commission“Commission certifying military housing needs”Map →
PersonBergstrom“Senate sponsor of HB 1549”Map →
OrganizationOklahoma Department of Commerce“Department whose director makes recommendations for the Economic Development Poo”Map →
locationOklahoma“State subject to the act”Map →
PersonLepak“House sponsor of HB 1549”Map →
OrganizationInternal Revenue Service“Federal agency receiving mortgage credit certificate elections”Map →
OrganizationCouncil of Bond Oversight“Body reviewing and approving economic development pool recommendations”Map →

Sources

Open source document

www.oklegislature.gov

Analysis Score

0–100
  • Significance75
    How much this matters to a regular citizen
  • Controversy15
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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