Ballots; requiring certain information included on measures that issue debt. Effective date.

SB 1857 requires specific information to be printed on Oklahoma ballots whenever voters are asked to approve bond or debt measures. It mandates that ballots include the phrase "THIS IS A TAX INCREASE" prominently, along with five concrete details: total debt issued, debt per household, total annual repayment cost, annual repayment cost per household, and whether a new tax is created or an existing tax is extended. This applies to all state or local government proposals authorizing debt issuance, directly affecting voters who cast ballots on such measures. The law takes effect November 1, 2026.