This bill amends Section 1521 of Title 69 of the Oklahoma Statutes, which pertains to the Rebuilding Oklahoma Access and Driver Safety Fund, now referred to as the ROADS Fund. The amendments include changes to the apportionment of funds for specific fiscal years, increasing the annual allocation from $80 million to $100 million starting in the fiscal year 2026. Additionally, the bill specifies that the total apportionment to the ROADS Fund will reach $575 million for the fiscal year beginning July 1, 2021, and will increase to $610 million for the fiscal year beginning July 1, 2025, and thereafter. The bill also updates statutory language and clarifies the use of funds for various transportation-related expenses, including construction, maintenance, and debt service.

Furthermore, the bill outlines the procedures for apportioning funds to other related programs, such as the Oklahoma Tourism and Passenger Rail Revolving Fund and the Public Transit Revolving Fund. It establishes that in the event of a revenue failure, the amounts apportioned to the ROADS Fund may be reduced proportionally. The effective date of the bill is set for July 1, 2026, and it declares an emergency to ensure its immediate implementation upon passage and approval.

Statutes affected:
Introduced: 69-1521