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STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
SENATE BILL 1814 By: Hamilton
AS INTRODUCED
An Act relating to economic development; amending
Section 8, Chapter 377, O.S.L. 2024 (74 O.S. Supp.
2025, Section 5090.1), which relates to the
Legislative Evaluation and Development Committee;
removing requirement for members to submit to
nondisclosure agreements; and declaring an emergency.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY Section 8, Chapter 377, O.S.L.
2024 (74 O.S. Supp. 2025, Section 5090.1), is amended to read as
follows:
Section 5090.1. A. There is hereby created within the
Legislature the Legislative Evaluation and Development Committee.
The Legislative Evaluation and Development Committee shall review
financing for individual incentive packages including, but not
limited to, packages offering tax incentives, funds for economic
development, and, when the annual investment exceeds Twenty Million
Dollars ($20,000,000.00), excluding funding from existing incentives
for any business, new or existing currently in this state, or when
one or more of the incentives in the incentive package is not
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authorized under current law or an amendment by the Legislature is
being sought to one or more currently existing incentives included
in the incentive package. In addition to the required review of
certain incentive packages as prescribed by this section, the
Committee may, in its discretion, also review potential economic
development projects presented by private sector businesses or state
or other political subdivision authorities which would be financed
by public funds.
B. The Legislative Evaluation and Development Committee shall
evaluate and propose economic projects provided by the Division on
Economic Development, Growth, and Expansion within the Oklahoma
Department of Commerce. The Committee shall consist of:
1. Four members of the Senate to be appointed by the President
Pro Tempore of the Senate, one of whom shall be from the minority
party; and
2. Four members of the House of the Representatives to be
appointed by the Speaker of the House of Representatives, one of
whom shall be from the minority party.
The President Pro Tempore of the Senate, or his or her designee,
and the Speaker of the House of Representatives, or his or her
designee, shall serve as co-chairs for the Committee.
C. The quorum of the Committee shall consist of at least five
members. Meetings of the Committee shall be governed by joint rules
of the Legislature. Members of the Committee may receive
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reimbursement from the Legislative Service Bureau for actual and
necessary expenses incurred in connection with their duties as
members of the Committee in accordance with other provisions of law
relating to travel reimbursement for members of the Legislature.
Members serving on this Committee shall submit to nondisclosure
agreements and adhere to the confidentiality of the material
discussed in meetings that affects the economic development of this
state.
SECTION 2. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof this act shall take effect and
be in full force from and after its passage and approval.
60-2-2766 TEK 1/14/2026 9:54:09 PM