Grand River Dam Authority; authorization of bonds; increasing maximum bond capacity; emergency.

Added a mandatory annual payment of $25 million from the Grand River Dam Authority to the state General Revenue Fund, effective January 1, 2026.

Changed the document header from 'Senate Chamber' to 'House of Representatives - Floor Version' and updated the legislative session details.

Removed the specific amendment instruction text and replaced it with the formal 'Be It Enacted' legislative language.

Updated the bill title and section references to reflect the House floor version and ensure gender-neutral terminology.

Added a requirement for the Grand River Dam Authority to pay $25 million per year to the General Revenue Fund beginning January 1, 2026.

Removed the full text of the bill, including the original bond authorization limits and statutory amendments, as this document is a record of a floor amendment rather than the final enacted law.

The maximum bond capacity was updated to $1,410,000,000.00, replacing the previous amount.

Statutory language was updated to be gender-neutral and to align with recent legislative sessions and other state acts.

Formatting and structural elements were changed to conform to the House Committee Substitute format, including page numbers and section headers.

The entire text of the bill was replaced with a new version that includes updated committee headers, session dates, and page numbering, while keeping the original legal language regarding the Grand River Dam Authority's bond limits and powers.

Added 'Ford' as a co-sponsor from the House and 'Bergstrom' as a co-sponsor from the Senate to reflect the final legislative composition.

Changed the bill title from 'ENGROSSED' to 'ENROLLED' to indicate it is the final version ready for the Governor's signature.

Added a 'SUBJECT' line explicitly stating 'Grand River Dam Authority' for clarity.

Replaced the reference to Section 870 regarding revenue application with a reference to Section 868, likely to align with updated statutory citations.

Added explicit authority to pledge all gross or net revenues from any source to secure bond payments.

Added provisions allowing the district to reserve the right to redeem bonds at specific future times and prices.

Added requirements for setting aside and regulating sinking funds or reserve funds.

Changed the header from 'Engrossed Senate Amendment' to 'Engrossed House' to reflect the bill's current legislative status.

The bill title and description were changed from the 'Waters and Water Rights Modernization Act of 2025' to an act relating to the Grand River Dam Authority.

The maximum bond capacity for the Grand River Dam Authority was increased, with a new total limit of $3.6 billion if approved under specific economic development provisions.

The act was renamed to remove the 'New Law' designation and instead function as an amendment to an existing statute (82 O.S. 2021, Section 870).