SB 836 Summary

• Maintains one cent ($0.01) per gallon assessment on motor fuel sales in Oklahoma and modifies the monthly distribution amounts to the Corporation Commission Revolving Fund from an annual $1,000,000 to a monthly $200,000.

• Changes the distribution formula for motor fuel assessment revenue among six funds: Corporation Commission Revolving Fund, Petroleum Storage Tank Indemnity Fund, State Transportation Fund, Corporation Commission Storage Tank Regulation Revolving Fund, Department of Environmental Quality Revolving Fund, and Weigh Station Improvement Revolving Fund.

• Allocates $500,000 per month to the Weigh Station Improvement Revolving Fund until total deposits reach $81,000,000, after which excess revenue goes to the Petroleum Storage Tank Indemnity Fund and then to the State Transportation Fund.

• Requires the Petroleum Storage Tank Indemnity Fund maintenance level to be monitored through December 31, 2022, with procedures for notifying fuel suppliers when the fund falls below required levels to temporarily redirect assessment revenues.

• Effective date is July 1, 2017, with an emergency clause allowing immediate implementation upon passage and approval.