SB 919 Summary

• Defines "commercial lease" for trust lands as leases generating greater annual income than agricultural use, including all renewable energy generation leases entered after the effective date.

• Prohibits agricultural leases from being executed to corporations or their agents, or third parties for corporate benefit, except as provided in Section 951 et seq. of Title 18.

• Amends limited liability company farming and ranching restrictions to prohibit member engagement in renewable energy generation and increases member limit from ten to thirty members (unless excess members are related lineal descendants or by marriage/adoption).

• Increases civil penalty for violations from unspecified amount to $500 per day until violation ceases; maintains misdemeanor liability for knowing violations.

• Removes exemption from investment cap calculations for real property value under long-term lease to State of Oklahoma, state agencies, or subdivisions; requires custodial banks to have minimum $500 million in assets and electronic access to transaction reports.

• Effective November 1, 2025.