OK SB1319

Requires the Corporation Commission to create a remediation assistance program for homeowners whose residences are contaminated by substances like brine or oil from abandoned wells under the Commission's jurisdiction

Allows monetary assistance to homeowners from the Corporation Commission Plugging Fund, with the specific amount to be determined by the Commission

Homeowners do not need to file an insurance claim before receiving remediation assistance, but must prove contamination originated from an abandoned well

Maintains the Plugging Fund at $5,000,000 until July 1, 2031, with an excise tax triggered if the fund falls below this level

Effective date of November 1, 2026