SB 817
Bonds; requiring transparency for obligations issued by trusts for benefit of local government; prohibiting issuance for violation of transparency requirements. Effective date.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to increase transparency around financial obligations issued by trusts that benefit local governments in Oklahoma. It requires that any bonds issued by these trusts be accompanied by clear information about the trust’s operations and how funds are used. Specifically, the bill prohibits the issuance of new bonds if the trust has violated transparency requirements. The bill was passed by the Senate Revenue and Taxation Committee with amendments.
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