Leaders in Oklahoma complete the “Build Act” to attract new companies to the state

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Leaders in Oklahoma complete the "Build Act" to attract new companies to the state

Oklahoma lawmakers have passed the “Build Act,” also known as SB 2060, aiming to support housing growth and infrastructure development across the state. Governor Kevin Stitt says the law is designed to help Oklahoma keep up with its rapid population growth by encouraging new development and expanding infrastructure.

As more families and businesses move to Oklahoma, state leaders say there is an urgent need for more homes, roads, utilities and public services. The Build Act introduces a new tool called “master development districts” to help finance these projects.

What Is the Build Act (SB 2060)?

The Build Act authorises the creation of master development districts. These are special districts that can finance public infrastructure improvements within a defined area.

Under SB 2060, these districts can:

  • Levy special assessments on property within the district
  • Finance public improvements
  • Issue bonds to fund infrastructure projects

However, the total amount of bonds issued cannot exceed the total cost of the improvements being financed.

Here’s a simple summary:

FeatureWhat It Means
Master Development DistrictSpecial area created for infrastructure development
Special LeviesCharges placed on property within the district
Bond AuthorityDistricts can issue bonds for project funding
Approval Requirement100% of property owners must consent

How Are Districts Created?

The law outlines different approval processes depending on where the proposed district is located:

LocationApproval Needed
Unincorporated county landMajority vote of county commissioners
Inside a municipalityApproval by the city’s governing body
Partly in both areasJoint approval by both city and county officials

Before a district can be created, 100% of property owners within the proposed area must consent. Officials must also determine that the project supports long-term development goals.

If someone wants to challenge the creation of a district, they must file a protest within 10 business days after official approval.

What Can These Districts Do?

Master development districts have broad authority to manage infrastructure, including:

  • Supplying water
  • Managing wastewater disposal
  • Handling stormwater drainage
  • Changing land elevation
  • Navigating waterways within the district

Each district will be governed by an independent board of supervisors. Municipalities are required to enter into agreements with these districts to outline responsibilities and cooperation.

However, the law clearly states that these districts cannot:

  • Provide electric service
  • Provide natural gas service
  • Build or own electric or gas utilities
  • Contract with unauthorised providers for electricity or gas

This limitation ensures that existing utility regulations remain intact.

Governor Stitt’s View on the Build Act

Governor Kevin Stitt strongly supports the Build Act. He says Oklahoma is experiencing major growth, with more people relocating from other states.

According to Stitt, Oklahoma is now among the top ten states for growth. He has even pointed to reports showing that more people are moving from Texas to Oklahoma than the other way around.

Stitt believes the Build Act will:

  • Encourage more housing construction
  • Improve infrastructure
  • Keep housing affordable
  • Support economic expansion

He described the bill as one of his biggest achievements, saying it will “spur more development and more housing starts in Oklahoma.”

Why This Matters for Oklahoma Residents

Rapid growth brings opportunities but also challenges. Without enough housing and infrastructure, communities can face higher home prices, traffic congestion and strained public services.

Supporters of the Build Act argue that master development districts will:

  • Speed up construction projects
  • Reduce financial pressure on local governments
  • Provide structured funding for improvements

Critics, however, may raise questions about special levies and long-term financial commitments tied to bonds.

Overall, the Build Act represents a major policy shift in how Oklahoma plans and pays for development. As the law is implemented, residents and developers will be watching closely to see how these new districts impact housing supply, infrastructure quality and long-term affordability across the state.

SOURCE

Maria

Maria is a professional content writer at MyHometownPost.com, specializing in Oklahoma local news, U.S. laws and policy updates, and global current events. With a keen eye for detail and commitment to accuracy, she delivers timely, engaging, and informative stories that keep readers well-informed about important developments locally and worldwide.

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