Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1814 By: Hamilton
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6 AS INTRODUCED
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7 An Act relating to economic development; amending
7 Section 8, Chapter 377, O.S.L. 2024 (74 O.S. Supp.
8 2025, Section 5090.1), which relates to the
8 Legislative Evaluation and Development Committee;
9 removing requirement for members to submit to
9 nondisclosure agreements; and declaring an emergency.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. AMENDATORY Section 8, Chapter 377, O.S.L.
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14 2024 (74 O.S. Supp. 2025, Section 5090.1), is amended to read as
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15 follows:
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16 Section 5090.1. A. There is hereby created within the
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17 Legislature the Legislative Evaluation and Development Committee.
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18 The Legislative Evaluation and Development Committee shall review
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19 financing for individual incentive packages including, but not
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20 limited to, packages offering tax incentives, funds for economic
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21 development, and, when the annual investment exceeds Twenty Million
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22 Dollars ($20,000,000.00), excluding funding from existing incentives
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23 for any business, new or existing currently in this state, or when
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24 one or more of the incentives in the incentive package is not
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Req. No. 2766 Page 1
1 authorized under current law or an amendment by the Legislature is
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2 being sought to one or more currently existing incentives included
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3 in the incentive package. In addition to the required review of
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4 certain incentive packages as prescribed by this section, the
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5 Committee may, in its discretion, also review potential economic
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6 development projects presented by private sector businesses or state
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7 or other political subdivision authorities which would be financed
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8 by public funds.
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9 B. The Legislative Evaluation and Development Committee shall
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10 evaluate and propose economic projects provided by the Division on
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11 Economic Development, Growth, and Expansion within the Oklahoma
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12 Department of Commerce. The Committee shall consist of:
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13 1. Four members of the Senate to be appointed by the President
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14 Pro Tempore of the Senate, one of whom shall be from the minority
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15 party; and
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16 2. Four members of the House of the Representatives to be
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17 appointed by the Speaker of the House of Representatives, one of
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18 whom shall be from the minority party.
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19 The President Pro Tempore of the Senate, or his or her designee,
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20 and the Speaker of the House of Representatives, or his or her
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21 designee, shall serve as co-chairs for the Committee.
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22 C. The quorum of the Committee shall consist of at least five
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23 members. Meetings of the Committee shall be governed by joint rules
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24 of the Legislature. Members of the Committee may receive
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Req. No. 2766 Page 2
1 reimbursement from the Legislative Service Bureau for actual and
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2 necessary expenses incurred in connection with their duties as
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3 members of the Committee in accordance with other provisions of law
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4 relating to travel reimbursement for members of the Legislature.
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5 Members serving on this Committee shall submit to nondisclosure
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6 agreements and adhere to the confidentiality of the material
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7 discussed in meetings that affects the economic development of this
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8 state.
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9 SECTION 2. It being immediately necessary for the preservation
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10 of the public peace, health or safety, an emergency is hereby
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11 declared to exist, by reason whereof this act shall take effect and
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12 be in full force from and after its passage and approval.
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Req. No. 2766 Page 3Every fact on this page links to its source, starting with the official bill record.