All Roll Calls
Yes: 217 • No: 92
OklahomaSB 2060Oklahoma 2026 Regular SessionSenate
Improvement districts; master development districts; requirements and procedures; bonds. Effective date.
Sponsored By: John Haste (Republican)
Signed by Governor
Senate Committee
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 1 benefits, 1 costs, 2 mixed.
Master agreement locks in development rules
Beginning November 1, 2026, each master development district and its city or county must sign a master development agreement. The agreement fixes allowed uses, density, phasing, and standards for the life of the district. The city or county must sign within 60 days of creating the district, unless both sides agree to more time. The State Treasurer publishes a standard template, and local changes are limited to project‑specific technical needs.
Districts can build local infrastructure
Beginning November 1, 2026, districts can build, own, operate, and maintain water, waste, stormwater, irrigation, and related works inside or outside the district. They can hire public or private companies to build and run facilities. Districts can buy, lease, sell, or transfer land for parks, streets, and other projects. Districts are political subdivisions that can sue, be sued, and make contracts. Local projects can improve services but may also lead to assessments on properties in the district.
Assessment-backed bonds and investor safeguards
Beginning November 1, 2026, master development districts can issue bonds to fund improvements, including costs, interest, reserves, and credit support. Bonds are paid from assessment collections. Bond interest must be at least 2% of the deferred assessment interest rate, and each series must mature within 30 years. District debts are non‑recourse and cannot pledge the state or a city or county’s full faith and credit. After 30 days from publishing the bond authorization, lawsuits challenging it are barred. Districts may make binding covenants to protect bondholders. Some city improvement bonds can receive supplemental payments from gasoline tax or facility funds within 12 months after the last deferred assessment is due.
No electric or gas service by districts
Beginning November 1, 2026, districts cannot provide retail electric or natural gas service or build or own those utility facilities. They cannot buy service from unauthorized providers or limit the state utility regulator’s authority. Your power and gas continue to come from certified utilities under current rules.
Sponsors & Cosponsors
Sponsor
John Haste
Republican • Senate
Cosponsors
Ellyn Hefner
Democratic • House
Mark Lawson
Republican • House
Mark Mann
Democratic • Senate
Trey Caldwell
Republican • House
Roll Call Votes
Senate vote • 4/15/2026
FOURTH READING
Yes: 29 • No: 14
House vote • 4/14/2026
THIRD READING
Yes: 54 • No: 40 • Other: 1
House vote • 4/7/2026
DO PASS
Yes: 22 • No: 5
Senate vote • 3/26/2026
the 60th Legislature
Yes: 34 • No: 10
Senate vote • 3/26/2026
THIRD READING
Yes: 29 • No: 18
Senate vote • 3/25/2026
SENATE
Yes: 43 • No: 1
Senate vote • 2/23/2026
Committee vote: Revenue & Taxation
Yes: 6 • No: 4
Actions Timeline
Approved by Governor 04/17/2026
4/20/2026SenateSent to Governor
4/16/2026SenateSigned, returned to Senate
4/16/2026HouseEnrolled, to House
4/16/2026SenateReferred for enrollment
4/15/2026SenateMeasure passed: Ayes: 29 Nays: 14
4/15/2026SenateHAs adopted
4/15/2026SenateHAs read
4/14/2026SenateEngrossed, signed, to Senate
4/14/2026HouseReferred for engrossment
4/14/2026HouseThird Reading, Measure passed: Ayes: 54 Nays: 40
4/14/2026HouseCoauthored by Representative(s) Hefner
4/14/2026HouseGeneral Order
4/14/2026HouseCoauthored by Representative(s) Caldwell (Trey)
4/8/2026HouseCR; Do Pass, amended by committee substitute Appropriations and Budget Committee
4/8/2026HouseRemove Representative Caldwell (Trey) as principal House author and substitute with Representative Lawson
4/6/2026HouseSecond Reading referred to Appropriations and Budget
3/30/2026HouseFirst Reading
3/26/2026HouseEngrossed to House
3/26/2026SenateReferred for engrossment
3/25/2026SenateMeasure passed: Ayes: 29 Nays: 18
3/25/2026SenateAyes: 34 Nays: 10
3/25/2026SenateAdvanced to Third Reading
3/25/2026SenateTitle restored
3/25/2026SenateGeneral Order, Amended by Floor Substitute
3/25/2026Senate
Bill Text
Enrolled (final version)
4/16/2026
Amended And Engrossed
4/14/2026
Floor (House)
4/8/2026
House Committee Report
4/8/2026
House Committee Substitute for Senate Bill
4/8/2026
Engrossed
3/26/2026
Floor (Senate)
3/2/2026
Senate Committee Report
2/23/2026
Introduced
1/15/2026
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