Public finance; Local Development Act; definitions; procedures; review committees; impact statement; effective date.

HB 1069 amends Oklahoma's Local Development Act to change procedures for development districts. It requires voter approval by majority vote for certain district plans, modifies review committee rules (prohibiting gifts to members and requiring training), and mandates economic impact statements for projects. These changes directly affect cities, towns, and counties using the Local Development Act to finance redevelopment through tax apportionment. The bill focuses on procedural updates to transparency and oversight, not new funding or policy.