---
type: "Bill"
title: "Public finance; modifying investment procedures relating to local governments. Effective date."
description: "Public finance; modifying investment procedures relating to local governments. Effective date."
jurisdiction: "us/states/ok"
legislature: "Oklahoma Legislature"
session: "2026"
identifier: "SB 957"
citation: "Oklahoma SB 957 (2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Alvord", "Lawson"]
version_count: 8
action_count: 27
vote_count: 6
first_action: "2025-02-03"
last_action: "2025-05-12"
source: "openstates"
source_identifier: "ocd-bill/ec03ace6-e87a-4aea-8efb-5adb50e481e9"
source_url: "http://www.oklegislature.gov/BillInfo.aspx?Bill=SB957&session=2600"
source_hash: "01ab17270e9baa15d74cd21067a728cf574bf752c05282aad3244d7183c88760"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ok"]
---

# Oklahoma SB 957 (2026) — Public finance; modifying investment procedures relating to local governments. Effective date.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 INT/SB/SB957 INT.PDF)
2. **Committee Amendment** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 COMMITTEE AMENDMENTS/Senate/SB957 PCS.PDF)
3. **Committee Substitute** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 COMMITTEE SUBS/SCS/SB957 CS.PDF)
4. **Engrossed** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 ENGR/SB/SB957 ENGR.PDF)
5. **Enrolled (final version)** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 ENR/SB/SB957 ENR.PDF)
6. **Floor (House)** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLR/HFLR/SB957 HFLR.PDF)
7. **Floor (Senate)** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLR/SFLR/SB957 SFLR.PDF)
8. **SB957 (2-25-25) (ALVORD) RT FA1.PDF** (committee substitute) — [source](https://www.oklegislature.gov/cf_pdf/2025-26 FLOOR AMENDMENTS/Senate/SB957 (2-25-25) (ALVORD) RT FA1.PDF)

## Votes

- Advance — **43–0** (pass) · upper
- Alvord Public Finance; Modifying Investment Procedures — **9–2** (pass) · upper
- County And Municipal Government Committee: Do Pass — **5–0** (pass) · lower
- Third Reading — **44–0** (pass) · upper
- Government Oversight Committee: Do Pass — **16–0** (pass) · lower
- Third Reading — **90–0** (pass) · lower

## Sponsors

- Alvord — primary (person)
- Lawson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-03** First Reading `introduction, reading-1`
- **2025-02-03** Authored by Senator Alvord
- **2025-02-04** Second Reading referred to Revenue and Taxation `reading-2, referral-committee`
- **2025-02-05** Coauthored by Representative Lawson (principal House author)
- **2025-02-17** Reported Do Pass, amended by committee substitute Revenue and Taxation committee; CR filed `committee-passage`
- **2025-02-17** Emergency removed
- **2025-02-17** Title stricken
- **2025-02-20** Placed on General Order
- **2025-03-12** General Order, Amended
- **2025-03-12** Title restored
- **2025-03-12** Measure passed: Ayes: 44 Nays: 0 `passage`
- **2025-03-12** Referred for engrossment
- **2025-03-13** Engrossed to House `passage`
- **2025-03-13** First Reading `introduction, reading-1`
- **2025-04-01** Second Reading referred to Government Oversight `reading-2, referral-committee`
- **2025-04-01** Referred to County and Municipal Government `referral-committee`
- **2025-04-10** Policy recommendation to the Government Oversight committee; Do Pass County and Municipal Government `committee-passage`
- **2025-04-10** Coauthored by Representative(s) Hildebrant, Lepak
- **2025-04-22** CR; Do Pass Government Oversight Committee `committee-passage`
- **2025-04-30** General Order
- **2025-04-30** Third Reading, Measure passed: Ayes: 90 Nays: 0 `passage, reading-3`
- **2025-04-30** Signed, returned to Senate
- **2025-04-30** Referred for enrollment
- **2025-05-01** Enrolled, to House
- **2025-05-01** Signed, returned to Senate
- **2025-05-01** Sent to Governor `executive-receipt`
- **2025-05-12** Becomes law without Governor's signature 05/08/2025 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ec03ace6-e87a-4aea-8efb-5adb50e481e9`. Confidence: reported (aggregated from official Oklahoma legislature records).