SB 1000: ROA-25 Revolving Fund; requiring transfer from certain fund to the ROA-25 Revolving Fund; authorizing certain transfer to the ROA-25 Revolving Fund; establishing amounts; providing certain budgeting and expenditure requirements. - Oklahoma

Floor (House) → Floor (Senate) · 4 edits

MODERATE

This bill revision increases the Grand River Dam Authority's maximum bond capacity from $1.41 billion to $3.6 billion, significantly expanding its ability to finance infrastructure projects. The change also updates the legal citation for the Large-scale Economic Activity and Development Act and clarifies the authority's powers regarding electrical generation facilities and water resources.

Scope change

The bill's scope expanded to allow substantially higher borrowing capacity for the Grand River Dam Authority, enabling larger infrastructure investments.

FISCAL

Maximum bond capacity increased from $1,410,000,000 to $3,600,000,000

Additional $2 billion bond capacity added if Oklahoma Department of Commerce approves Large-scale Economic Activity and Development Act applications

DEFINITION

Updated legal citation references for the Large-scale Economic Activity and Development Act from 2022 to 2024 supplemental session

TECHNICAL

Added committee substitute designation and changed document header from House version to Senate Floor Version

Committee Substitute → Floor (House) · 3 edits

MINOR

This bill moved from Committee Substitute to Floor version in the House of Representatives. The substantive content of the bill remains unchanged, but the format was updated to reflect House floor amendments. The bill authorizes the Grand River Dam Authority to issue up to $3.6 billion in bonds for various purposes including power generation, infrastructure, and water resources development.

TECHNICAL

Document header changed from 'Committee Substitute' to 'Engrossed Senate Bill' with House floor version designation, indicating the bill has passed through the House committee process.

Added sponsor information for House co-sponsor (Bullard of West) and updated page numbering and formatting to reflect House floor version.

Minor formatting adjustments to section headers and statutory references to align with House floor markup conventions.

Senate Conference Committee Substitute → Committee Substitute · 6 edits

MODERATE

This bill was reclassified from a Conference Committee Substitute to a Committee Substitute, changing the sponsor from Hall and Haste to Bergstrom. The substantive changes involve replacing the original ROA-25 Revolving Fund provisions with new authority under the Large-scale Economic Activity and Development Act, significantly increasing bond capacity from $180 million to $1.41 billion, and expanding the district's powers to include steam generation, transmission infrastructure, and cooperative financing arrangements.

Scope change

The bill's scope expanded from focusing solely on the ROA-25 Revolving Fund to include broader economic development powers under the Large-scale Economic Activity and Development Act, with increased borrowing authority and expanded infrastructure capabilities.

FISCAL

Bond capacity increased from $180 million to $1.41 billion, with additional $3.6 billion available under the Large-scale Economic Activity and Development Act

SCOPE

Added authority to construct steam generating plants, transmission lines, substations, and related electrical facilities

Removed provisions specifically related to the ROA-25 Revolving Fund and its associated transfer requirements

ELIGIBILITY

Expanded financing options to include cooperation with public agencies, rural electric cooperatives, and private corporations for electrical energy development

REQUIREMENT

Changed funding source from ROA-25 Revolving Fund to monies appropriated to the Oklahoma Department of Commerce under HB 1038

MODIFIED

Changed document type from Conference Committee Substitute to Committee Substitute and updated sponsor information

Enrolled (final version) → Senate Conference Committee Substitute · 4 edits

MODERATE

The bill was converted from an enrolled Senate version to a Senate Conference Committee Substitute, which typically means it has been reconciled with House amendments. The substantive policy content regarding fund transfers remains the same, but the document now includes conference committee markings and page formatting changes typical of final legislative conference versions.

Scope change

No substantive change to the bill's scope or applicability; this is primarily a procedural format change reflecting conference committee processing.

TECHNICAL

Document header changed from 'ENROLLED SENATE' to 'CONFERENCE COMMITTEE SUBSTITUTE' indicating reconciliation with House version

Added line numbers and page references typical of conference committee substitute documents

Removed original enrolled bill signatures and dates from Senate and House approval sections

Added conference committee substitute page numbering and formatting markers

Engrossed → Enrolled (final version) · 5 edits · May 28, 2025

MODERATE

This bill was completely rewritten from an unrelated Grand River Dam Authority bond authorization to a new ROA-25 Revolving Fund transfer bill. The original text authorized $3.6 billion in bonds for dam and power plant construction, while the new version establishes specific fund transfers totaling $255 million ($180 million from the Perform Fund and $75 million from Commerce appropriations) for the ROA-25 Revolving Fund.

Scope change

The bill's scope changed from authorizing bond issuance for infrastructure projects to establishing specific fund transfers for a revolving fund, significantly narrowing the financial mechanism from a $3.6 billion bond authorization to $255 million in direct transfers.

FISCAL

Removed authorization for $3.6 billion in revenue bonds for Grand River Dam Authority infrastructure projects including dams, power plants, and transmission lines.

Added Section 1 transferring $180 million from the Perform Fund to the ROA-25 Revolving Fund.

Added Section 2 transferring $75 million from Commerce appropriations to the ROA-25 Revolving Fund.

SCOPE

Changed the bill's purpose from bond authorization for infrastructure development to establishing fund transfers for a specific revolving fund.

ENFORCEMENT

Added budgeting and expenditure requirements for the transferred funds to be conducted in accordance with state law.

Amended And Engrossed → Engrossed · 3 edits · May 22, 2025

MINOR

The bill was renumbered and reformatted from House to Senate version, with substantive changes to the maximum bond capacity for the Grand River Dam Authority. The authority can now issue up to $1.41 billion in revenue bonds, or up to $3.6 billion if additional funding is approved under state economic development laws. The text also expanded the authority's powers to include steam generating plants, transmission lines, and rights to acquire lands and rights-of-way for these purposes.

Scope change

The bill's scope expanded to include additional types of power generation facilities and infrastructure beyond the original text, including steam plants, transmission lines, and land acquisition rights.

FISCAL

Maximum bond capacity increased from unspecified amount to $1.41 billion, with an additional $2.19 billion available if approved under state economic development provisions, totaling $3.6 billion.

SCOPE

Expanded authority to include steam generating plants, transmission lines, substations, and rights to acquire lands and rights-of-way for power generation purposes.

TECHNICAL

Bill was renumbered and reformatted from House amendment version to Senate version, with page numbers and section headers updated.

Introduced → Amended And Engrossed · 3 edits · May 22, 2025

MINOR

The bill was amended to increase the maximum bond capacity for the Grand River Dam Authority from $2 billion to $3.6 billion and to add provisions allowing the district to pledge gross or net revenues from property acquired with bonds to secure bond payments. The amendment also updated the title and enacting clause to reflect the House's changes to the Senate bill.

Scope change

The bill's scope expanded by significantly increasing the maximum bond authorization amount and adding new revenue pledge provisions for bond security.

FISCAL

Maximum bond capacity increased from $2,000,000,000.00 to $3,600,000,000.00

REQUIREMENT

Added language allowing the district to pledge gross or net revenues from properties acquired with bonds to secure bond payments

TECHNICAL

Updated bill title and enacting clause to reflect House amendment status

ROA-25 Revolving Fund; requiring transfer from certain fund to the ROA-25 Revolving Fund; authorizing certain transfer to the ROA-25 Revolving Fund; establishing amounts; providing certain budgeting and expenditure requirements.

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