HB 1590
Public finance; enacting the Education Infrastructure Linked Deposit Program Act; administration of program; guidelines; loans; State Treasurer; effective date.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes the Education Infrastructure Linked Deposit Program (EILDP) in Oklahoma. The program aims to provide loans to eligible public school districts for infrastructure improvements, such as building renovations and technology upgrades. These loans are linked to the districts’ deposit accounts with the State Treasurer, offering a potential benefit to both the districts and the state’s financial institutions. The State Treasurer will oversee the program’s administration and establish guidelines for loan eligibility and repayment.
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