Bill No. 198, introduced by Senators Brooks and Kannady, aims to authorize municipalities, counties, and the state of Oklahoma to include a specific contingency in real estate contracts. This contingency allows for a period of up to one hundred eighty (180) days to secure necessary permits, lot changes, zoning changes, and other land use approvals required for the use and operation of real property. The bill establishes new sections in the Oklahoma Statutes, specifically Section 43-116 of Title 11 for municipalities, Section 865.70 of Title 19 for counties, and Section 110.6 of Title 74 for the state.

The legislation is designed to streamline the process of real estate transactions for public entities by providing them with the flexibility to manage the complexities associated with land use approvals. The bill is set to take effect on November 1, 2025, following its passage in the Senate on March 11, 2025.