Bill > SB1309

This bill modifies the Rebuilding Oklahoma Access and Driver Safety Fund (ROADS Fund), which is a dedicated fund for road and bridge projects, by adjusting how money is allocated to it and for what purposes. Specifically, it changes the fiscal year for a significant portion of the fund's allocation from July 1, 2021, to July 1, 2026, and increases the annual allocation from eighty million dollars to one hundred million dollars. The bill also clarifies that these funds are to be used for debt service payments related to obligations issued by the Department of Transportation under specific statutes, and then for other authorized purposes. Additionally, it updates references to certain statutes and clarifies that the fund can be used for debt service on obligations issued by the Oklahoma Capitol Improvement Authority for the Department. The bill also includes provisions for reducing allocations from the ROADS Fund in the event of a General Revenue Fund revenue failure, ensuring that these reductions are proportional to those applied to other state agencies. Finally, it designates twenty million dollars per fiscal year for the construction, repair, and maintenance of weigh stations on the state highway system for a specific period and declares an emergency, making the act effective immediately upon passage and approval, with the main provisions taking effect on July 1, 2026.

Budget and Finance, Transportation and Infrastructure

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1309&Session=2600