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OK SB1834

OK SB1834
State government; creating certain revolving fund; creating the Oklahoma Main Street Revitalization Grant Program. Effective date.


summary

Introduced
02/02/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act relating to state government; creating the Oklahoma Main Street Revitalization Revolving Fund; providing composition of funds; requiring certain disbursal of monies on certain approval of the Oklahoma Department of Commerce; creating the Oklahoma Main Street Revitalization Grant Program; authorizing the promulgation of rules by the Oklahoma Department of Commerce Board to approve and fund applications to the program; providing for codification; and providing an effective date.

AI Summary

This bill establishes the Oklahoma Main Street Revitalization Grant Program and a dedicated revolving fund to support it. The "Oklahoma Main Street Revitalization Revolving Fund" will be managed by the Oklahoma Department of Commerce and will receive funds designated by law, which can be used to match contributions from grant program applicants. The grant program itself, also managed by the Department of Commerce, will provide funding for projects aimed at improving the quality of life in certified Main Street communities. These projects can include investments in building facades, landscaping, public amenities like lighting and sidewalks, public art, and infrastructure that supports downtown living and real estate access. The Oklahoma Department of Commerce Board will create rules to ensure fair distribution of these grants, potentially prioritizing new applicants over those who have received funds before, treating related entities as a single applicant, and setting application periods. This act will take effect on November 1, 2026.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Second Reading referred to Economic Development, Workforce and Tourism Committee then to Appropriations Committee (on 02/03/2026)

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