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OK SB341

Bill

Status

Passed

5/5/2025

Primary Sponsor

Avery Frix

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Extends the response period for requests for proposals on state-owned railroad asset sales from 90 days to 120 days

  • Transfers recommendation authority for railroad asset sales from a multi-secretary committee (Transportation, Finance, Commerce, Agriculture, and Energy) to the Director of the Department of Transportation alone

  • Requires Transportation Commission approval when a lease-purchase operator exercises a purchase option on state-owned railroad property

  • Makes economic impact studies by the Department of Commerce optional ("may conduct") rather than mandatory ("shall conduct") for railroad asset sale proposals

  • Effective date of July 1, 2025, with emergency clause for immediate effect upon passage

Legislative Description

Railroad Revitalization Act; providing process for sale of certain lease-purchase properties. Effective date. Emergency.

Last Action

Approved by Governor 05/03/2025

5/5/2025

Committee Referrals

Transportation4/1/2025
Commerce and Economic Development Oversight4/1/2025
Aeronautics and Transportation2/4/2025

Full Bill Text

No bill text available