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OK SB198
Bill
AI Summary
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Municipalities may enter real estate contracts for sale, conveyance, exchange, or lease with option to purchase that includes a contingency of up to 180 days to secure required permits, lot changes, zoning changes, and other land use approvals.
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Counties may enter real estate contracts for sale, conveyance, exchange, or lease with option to purchase that includes a contingency of up to 180 days to secure required permits, lot changes, zoning changes, and other land use approvals.
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The state may enter real estate contracts for sale, conveyance, exchange, or lease with option to purchase that includes a contingency of up to 180 days to secure required permits, lot changes, zoning changes, and other land use approvals.
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The act becomes effective November 1, 2025.
Legislative Description
Property; authorizing use of certain contingency for certain real estate contracts. Effective date.
Last Action
Becomes law without Governor's signature 05/15/2025
5/15/2025