All Roll Calls
Yes: 154 • No: 10
OklahomaHB 1541Oklahoma 2026 Regular SessionHouseWALLET
Agriculture Linked Deposits Program; definitions; procedures; deposit amounts; effective date; emergency.
Sponsored By: Kenton Patzkowsky (Republican)
Became Law
Senate Committee
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Bigger loans for at-risk Oklahoma farms
Qualifying at-risk Oklahoma farms and ranches can seek reduced-rate production loans without the previously required farm management plan. At least 60% of gross income must come from farming or ranching. Debt must exceed 40% of assets. The maximum single linked deposit rises from $350,000 to $1 million, allowing larger program loans. Lenders still use standard lending criteria; the higher cap does not guarantee approval.
Oklahoma raises business loan investment ceiling
Oklahoma raises its investment ceiling across all linked deposit programs from $225 million to a maximum of $500 million. Total investments cannot exceed 15% of available state funds, averaged from quarter-end balances over the previous four quarters. The lower of these two limits applies; the higher ceiling does not guarantee any business a loan. The Treasurer checks compliance quarterly and suspends new investments and renewals when over the cap, subject to existing legal exceptions. The act lists July 1, 2025, but its emergency clause makes it effective upon passage and approval.
Agricultural businesses face one-loan limit
Each eligible agricultural business can have only one linked deposit loan outstanding at a time. This limit now applies to any eligible agricultural business, rather than only farmers. Businesses can still refinance their existing program loan.
Medical marijuana growers lose loan eligibility
The law excludes medical marijuana growing operations from the program's definition of alternative agricultural products. These businesses cannot qualify for Oklahoma's reduced-rate agricultural loans based on producing an alternative agricultural product.
Sponsors & Cosponsors
Sponsor
Kenton Patzkowsky
Republican • House
Cosponsors
Avery Frix
Republican • Senate
Spencer Kern
Republican • Senate
Roll Call Votes
Senate vote • 5/6/2025
THIRD READING
Yes: 39 • No: 8
Senate vote • 4/7/2025
Committee vote: Agriculture & Wildlife
Yes: 11 • No: 0
House vote • 3/17/2025
THIRD READING
Yes: 82 • No: 1
House vote • 3/6/2025
DO PASS
Yes: 14 • No: 1
House vote • 2/11/2025
DO PASS
Yes: 8 • No: 0
Actions Timeline
Becomes law without Governor's signature 05/14/2025
5/14/2025HouseSent to Governor
5/7/2025HouseEnrolled measure signed, returned to House
5/7/2025SenateEnrolled, signed, to Senate
5/7/2025HouseReferred for enrollment
5/6/2025HouseEngrossed measure signed, returned to House
5/6/2025SenateMeasure and Emergency passed: Ayes: 39 Nays: 8
5/6/2025SenateGeneral Order, Considered
5/6/2025SenatePlaced on General Order
4/9/2025SenateWithdrawn from Appropriations committee
4/7/2025SenateReferred to Appropriations
4/7/2025SenateReported Do Pass Agriculture and Wildlife committee; CR filed
4/7/2025SenateCoauthored by Senator Frix
4/7/2025SenateRemove as author Senator Frix; authored by Senator Kern
4/7/2025SenateSecond Reading referred to Agriculture and Wildlife Committee then to Appropriations Committee
4/1/2025SenateFirst Reading
3/18/2025SenateEngrossed, signed, to Senate
3/18/2025HouseReferred for engrossment
3/17/2025HouseThird Reading, Measure and Emergency passed: Ayes: 82 Nays: 1
3/17/2025HouseGeneral Order
3/17/2025HouseAuthored by Senator Frix (principal Senate author)
3/10/2025HouseCR; Do Pass, amended by committee substitute Government Oversight Committee
3/10/2025HousePolicy recommendation to the Government Oversight committee; Do Pass, amended by committee substitute Banking, Financial Services and Pensions
2/17/2025HouseReferred to Banking, Financial Services and Pensions
2/4/2025HouseSecond Reading referred to Government Oversight
2/4/2025House
Bill Text
Enrolled (final version)
5/7/2025
Floor (Senate)
4/8/2025
Senate Committee Report
4/7/2025
Engrossed
3/18/2025
Floor (House)
3/10/2025
House Committee Report
3/10/2025
House Committee Substitute
3/10/2025
House Policy Committee Report
2/17/2025
Introduced
1/16/2025
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