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OK SB73
Bill
AI Summary
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Amends the apportionment of Oklahoma Vehicle License and Registration Act collections to cap the County Improvements for Roads and Bridges Fund at $200 million annually, replacing the previous graduated cap structure that ranged from $120 million to $150 million over fiscal years 2020-2028
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Changes the county apportionment cap for fiscal years 2019-2024 from fiscal year 2015 levels to fiscal year 2025 levels starting in fiscal year 2026 and subsequent years, with excess amounts redirected to the Rebuilding Oklahoma Access and Driver Safety Fund
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Maintains 25% of monthly allocations from the County Improvements for Roads and Bridges Fund be distributed directly to counties through fiscal year 2026 and beyond, divided equally among area, road miles, and bridge replacement costs (through 2026) or bridge counts (after 2026)
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Effective date of July 1, 2025, with an emergency clause allowing immediate effect upon passage and approval
Legislative Description
Transportation; Oklahoma Vehicle License and Registration Act collections; limiting certain apportionment to certain amount. Effective date. Emergency.
Last Action
Second Reading referred to Appropriations
2/4/2025