HB 2775: Capitol Improvement Authority; allocation of funds from the Legacy Capital Financing Fund; utilization for purpose of benefitting the Military Department; requiring certain recapitalization payments. - Oklahoma

House Committee Substitute → Floor (House) · 1 edit

MINOR

The bill text was updated from the House Committee Substitute version to the Floor version, reflecting the bill's progression through the legislative process. The primary change is the replacement of the 'Committee Substitute' header with 'House of Representatives - Floor Version', indicating that the bill has been reported out of committee and is now ready for floor consideration. No substantive policy changes, funding amounts, or legal requirements were altered in this specific text segment.

TECHNICAL

The document header was updated to reflect the bill's current status as the 'Floor Version' rather than the 'Committee Substitute', signaling its readiness for debate and voting on the House floor.

Proposed Committee Substitute (full committee) 1 → House Committee Substitute · 2 edits

MINOR

The bill was amended to add two new Senate sponsors, Hall and Haste, to the list of authors. Additionally, the bill's internal tracking numbers were updated to reflect the new committee version, while the core legislative text regarding funding and authority remains unchanged.

TECHNICAL

Added 'Hall and Haste of the Senate' to the list of bill sponsors.

Updated the document header tracking number from 13720 to 13817 and the date from May 17 to May 19.

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 3 edits

MINOR

The bill text was completely replaced with a committee substitute version that retains the original policy provisions but updates the formatting and metadata to reflect the committee's review process. No substantive changes were made to the funding amount, eligible recipients, or operational requirements.

TECHNICAL

Removed the original enrolled bill header, signatures, and certification lines from the House and Senate.

Added committee amendment metadata, including the amendment mover's name, adoption signature line, and proposed substitute headers.

Reformatted the entire bill text to match the standard 'Proposed Committee Substitute' layout used for bills under legislative review.

Engrossed → Enrolled (final version) · 4 edits · May 29, 2025

MODERATE

The bill was finalized into its enrolled version, moving from the 'Engrossed' stage to the 'Enrolled' stage ready for signing. The substantive policy content regarding funding amounts, timelines, and authority powers remained identical to the previous version, with the only changes being the addition of official signatures, dates, and page numbering required for the final enactment.

TECHNICAL

The document header was updated from 'ENGROSSED HOUSE' to 'ENROLLED HOUSE' to reflect the bill's final status after passage by both legislative chambers.

Official signature lines for the House and Senate Presiding Officers, the Governor, and the Secretary of State were added to formalize the bill's approval.

Specific dates of passage (May 20, 2025 for the House and May 22, 2025 for the Senate) were recorded in the final version.

Page numbering and footer text were adjusted to reflect the new 'Enrolled' status and correct page sequence.

Introduced → Engrossed · 5 edits · May 22, 2025

MODERATE

The bill was completely rewritten to shift from a general budget act to a specific authorization for the Oklahoma Capitol Improvement Authority. The new version allocates $41.6 million from the Legacy Capital Financing Fund specifically for military facilities, establishes a 20-year repayment schedule starting in fiscal year 2026, and clarifies that memoranda of understanding are not legally binding obligations for the state.

Scope change

The bill's scope narrowed significantly from a broad public finance act creating a new budget framework to a targeted authorization for military infrastructure improvements.

SCOPE

Removed the creation of a new 'Budget and Finance Act' and replaced it with a specific act relating to the Oklahoma Capitol Improvement Authority.

Removed the previous effective date of November 1, 2025, and the designation of the act as noncodified.

FISCAL

Authorized the use of $41,600,000 from the Legacy Capital Financing Fund specifically for constructing, refurbishing, or expanding military-related facilities.

TIMELINE

Established that the 20-year recapitalization payment period will not begin until the state fiscal year starting July 1, 2026.

REQUIREMENT

Added provisions allowing the Authority to distribute funds in tranches and enter memoranda of understanding that do not create legal obligations for the state.

Capitol Improvement Authority; allocation of funds from the Legacy Capital Financing Fund; utilization for purpose of benefitting the Military Department; requiring certain recapitalization payments.

What changed between versions

How they voted

Actions timeline

Sponsors