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OK SB1358
Bill
AI Summary
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Creates the Preserving and Advancing City and Town Transportation Fund as a new revolving fund in the State Treasury, to be codified as Section 509 of Title 69
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Redirects 0.50% of state sales tax revenue to the new fund beginning in FY 2028, reducing the General Revenue Fund apportionment from 83.61% to 83.11%
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Funds may be used for construction, reconstruction, and maintenance of municipal roads and bridges, with expenditures available beginning with the fiscal year ending June 30, 2027
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Municipalities must submit proposed projects to the Department of Transportation for evaluation based on criteria including project readiness, structural adequacy, safety, serviceability, public necessity, and factors like school bus routes and detour lengths
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Effective date is July 1, 2026, with an emergency clause for immediate effect upon passage and approval
Legislative Description
Roads and bridges; creating the Preserving and Advancing City and Town Transportation Fund. Effective date. Emergency.
Last Action
Second Reading referred to Aeronautics and Transportation Committee then to Appropriations Committee
2/3/2026