Bill > SB651

This bill creates the Municipal Parking Benefit District Act, which allows municipalities in Oklahoma to establish special parking districts with unique governance and financial management features. The bill defines a parking benefit district as a geographic area where a majority of parking meter revenues are reinvested back into local improvements. Municipalities can create these districts through a formal process that includes public notice, hearings, and the opportunity for property owners to provide input or protest. If established, each district may have an optional advisory committee consisting of 3-7 unpaid members, predominantly local business owners, who can provide recommendations about parking meter program maintenance and potential projects. The governing body of the municipality retains ultimate control over the parking program and can choose to hold parking meter revenues in a special fund specifically for district improvements and maintenance. Municipalities can modify or terminate these districts at their discretion, with any unspent funds reverting to the municipal general fund. The bill emphasizes that this new authority is supplemental to existing municipal powers and does not restrict current parking management capabilities. The act will become effective on November 1, 2025, providing municipalities a clear framework for creating more localized and responsive parking management strategies.

Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb651&Session=2600