SB258 Summary

• Creates the Preserving and Advancing County Transportation Fund (PACT Fund) as a continuing revolving fund in the State Treasury to receive apportionments from gross production taxes on oil and natural gas.

• Allocates two-thirds of PACT Fund monies to counties prioritizing those with lowest per-mile highway construction/maintenance ratios until reaching a $4,000 per county road mile target, then distributes remaining amounts by road miles and bridge counts.

• Allocates one-third of PACT Fund monies to counties based on the proportion of county bridges according to the most recent ODOT Bridge Summary Report.

• Directs 20% of certain oil and gas gross production tax revenues (capped at $75 million annually) to the PACT Fund, with excess amounts going to the General Revenue Fund.

• Appropriates $25 million for fiscal year 2026 from the General Revenue Fund to the County Improvements for Roads and Bridges Fund for county bridge reconstruction projects on Major Collector routes, with selection based on structural adequacy, safety, county financial participation, and other criteria; effective July 1, 2025.