Bill > SB1358

This bill creates the Preserving and Advancing City and Town Transportation Fund, which will receive 0.50% of state sales tax revenue starting in fiscal year 2028. The fund will be used to support municipal road and bridge infrastructure projects, with funds allocated based on specific criteria evaluated by the Department of Transportation. Municipalities seeking funding must submit project proposals for review, which will be assessed on factors including project innovation, readiness, structural adequacy, safety, serviceability, necessity for public use, and characteristics like detour length and school bus routes. The bill also slightly adjusts the percentage of sales tax revenue going to the General Revenue Fund, reducing it from 83.61% to 83.11% in fiscal year 2028 and beyond. Additionally, the bill makes a technical change to allocate $50 million to the Oklahoma Capital Assets Maintenance and Protection Fund starting in fiscal year 2029. The legislation will become effective on July 1, 2026, and contains an emergency clause to ensure immediate implementation upon passage.

Transportation and Infrastructure

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1358&Session=2600