Bill > HB4333

Introduced Session

An Act relating to Commissioners of the Land Office; amending 64 O.S. 2021, Sections 1002, 1002A, 1003, 1004, 1006, 1007, 1010, 1011, 1013, as amended by Section 40, Chapter 228, O.S.L. 2022, 1022, 1023, as amended by Section 1, Chapter 360, O.S.L. 2025, 1034, 1047, 1052, 1053, 1055, 1056, 1063, 1069, 1071, 1086, 1089, and 1, Chapter 429, O.S.L. 2024 (64 O.S. Supp. 2025, Sections 1013, 1023, and 1096), which relate to the Commissioners of the Land Office Modernization Act; modifying the powers and authority of the Commissioners; allowing, rather than requiring, the Commissioners to exchange land for certain properties; authorizing, rather than requiring, the Commissioners to request certain easement via petition; replacing reference to realtors with reference to real estate licensees; authorizing licensees to be used for certain purpose; directing the Lieutenant Governor to serve as vice-chair in the absence of certain election; modifying authority of the Secretary of the Land Office; directing the Commissioners to maintain certain licenses for certain employees; removing language creating a cash drawer change fund; allowing the permanent school fund to be invested in certain investments; removing language providing for calculation of investments in real property; allowing the Commissioners to retain external real estate property managers; modifying method for choosing investment managers and investment property managers; allowing investment real estate property managers full discretion on certain leasing and operations; directing execution of certain leases upon approval of the Secretary of the Land Office; exempting certain leases from term limitations; defining term; removing references to the Cash Management and Investment Oversight Commission; requiring electronic submission of certain report; prohibiting the Commissioners from taking any action to impede certain development; exempting certain investment real estate from certain term limitations; directing investment real estate leases to provide for certain value; prohibiting an abstention from being considered in certain vote; requiring the Commissioners to advertise certain sale of lands and improvements; modifying frequency of publication of sale; allowing certain designee to provide certain information; clarifying requirement to appraise certain improvements; allowing certain public auction to be held via live bidding or a combination of live and online bidding; allowing the Commissioners to issue certain patent to certain purchaser; directing patent or deed to contain certain provisions; clarifying the authority of the Commissioners over certain leasing; allowing oil and gas leases to be encumbered; modifying source of funds for the Multiyear Education Distribution Stabilization Revolving Fund; allowing the Commissioners to convey certain execution ability to the Secretary of the Land Office; providing for approval of exchange of state-owned lands; clarifying application of certain contracting requirement; making language gender neutral; updating statutory reference; updating statutory language; repealing 64 O.S. 2021, Sections 1014, 1021, 1030, 1050, 1054, and 1061, which relate to the Commissioners of the Land Office Modernization Act; providing an effective date; and declaring an emergency.

AI Summary

Committee Categories

Anthony Moore (R)*,  Dave Rader (R)*,  Nick Archer (R), 

House A&B Natural Resources Subcommittee Hearing (10:30:00 2/9/2026 Room 5s2) (on 02/09/2026)

Official Document