Bill > SB151

This bill creates the Oklahoma Neighborhood Revitalization Act, establishing a new fund to support small municipalities with aesthetic improvements. Specifically, the bill creates the Oklahoma Neighborhood Revitalization Fund within the State Treasury, which will receive $5 million annually from sales tax revenues starting in fiscal year 2026. The fund is designed to provide grants to municipalities with populations under 25,000 for projects like improving sidewalks, street lighting, signage, and roadside beautification. Municipalities must apply to the Oklahoma Department of Commerce, provide 20% matching funds, and cannot request more than $500,000 for a single project. Each municipality is limited to one project per fiscal year, with the first application deadline set for May 1, 2026, and initial fund distribution no later than October 1, 2026. The bill aims to help small towns enhance their visual appeal and community infrastructure by providing targeted financial support. The act will become effective on July 1, 2025, and includes an emergency clause to emphasize its immediate importance to public welfare.

Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb151&Session=2600