OK SB584

Requires the Oklahoma Department of Transportation to initiate a request for proposal (RFP) process, in consultation with the Office of Management and Enterprise Services, before selling any state-owned railroad assets

Interested parties must have at least 90 days to respond to the RFP, followed by a Department of Transportation evaluation and a Department of Commerce economic impact study of all proposals

The Secretary of Transportation, Finance, Commerce, Agriculture, and Energy must prepare a recommendation to the Transportation Commission within 90 days of the RFP closing date

Transportation Commission must notify the Speaker of the House of Representatives and President Pro Tempore of the Senate in writing before the meeting where final action on a railroad sale will occur

All proceeds from railroad asset sales must be deposited into the Railroad Maintenance Revolving Fund; effective date is October 1, 2013