House Bill No. 1132 establishes the Oklahoma Industrial Access Improvement Grant Program, which is designed to provide funding for roadway and traffic engineering and construction support for industrial access projects in municipalities with populations exceeding 750,000. The Oklahoma Department of Transportation (ODOT) will administer the program, ensuring compliance with state and federal regulations. The bill outlines the types of infrastructure improvements eligible for funding, including roadway expansions, bridge enhancements, and traffic signal upgrades. It also mandates the development of an application process with specific requirements for applicants, such as project descriptions, economic impact statements, and engineering estimates.

Additionally, the bill creates the Oklahoma Industrial Access Improvement Grant Program Revolving Fund, which will be a continuous fund not subject to fiscal year limitations. This fund will consist of all designated monies and will be used by ODOT for awarding grants and covering operational expenses. The Department is authorized to establish matching requirements for project costs and to promulgate rules necessary for the program's implementation. The act is set to take effect on November 1, 2025.