Public finance; state or local governments; payments; public revenues; business entities; disclosure; effective date.

HB 3396 requires Oklahoma state and local governments to publicly disclose the identity of private businesses that will benefit from public funds used for major economic development projects before any payments are made. It applies to projects involving business entities spending over $5 million on property improvements or acquisitions within 90 days of receiving public revenue (like tax funds or bonds). Governments must post this disclosure online at least 60 days prior to payments, ensuring transparency about which companies receive public money. The law takes effect November 1, 2026.