Constitutional amendment; prohibiting extension of credit or funding without a clearly defined public purpose.

SJR 29 proposes a constitutional amendment that would prohibit Oklahoma state and local governments from lending credit, guaranteeing debt, or providing financial subsidies to private individuals, corporations, or associations - unless the expenditure serves a "clearly defined public purpose approved by law." This would directly affect state agencies and local governments when considering financial support for private entities. The amendment, if approved by voters, would require such support to have explicit public purposes defined in law, preventing broad or undefined financial commitments. It is a procedural resolution awaiting voter approval.