ENGR. H. B. NO. 2187 Summary

• Requires the Oklahoma Department of Transportation to conduct open, competitive public sales for any railroad, right-of-way, or railroad tracks it owns that are leased to or operated by private entities.

• Mandates at least 90 days' public notice of the sale through the Office of Management and Enterprise Services website, newspaper advertisements for at least 2 weeks, and certified mail notice to all railroads operating in the state.

• Grants the current lessee or operator a right of first refusal to match the highest responsive bid within 90 days of receiving the purchase offer.

• If the selected bidder fails to execute a sale agreement within 60 days, their bid deposit (5% of the bid value) is forfeited and the award passes to the next highest responsive bidder, subject to the same right of first refusal.

• Declares an emergency effective date, making the bill effective immediately upon passage and approval.