This bill amends Section 1521 of Title 69 of the Oklahoma Statutes, which pertains to the Rebuilding Oklahoma Access and Driver Safety Fund. The amendments include modifications to the apportionment calculations and amounts allocated to the fund for various fiscal years. Specifically, the bill establishes a series of increasing funding amounts for the fiscal years beginning July 1, 2026, through July 1, 2034, with the total apportionment reaching up to $990 million by 2033. Additionally, the bill updates statutory language and references, ensuring clarity and consistency in the law.

The bill also outlines the purposes for which the funds can be used, including the construction and maintenance of state roads, bridges, and highways, as well as matching federal funds and covering direct expenses related to the state highway system. Furthermore, it stipulates that in the event of a General Revenue Fund revenue failure, the amounts apportioned to the Rebuilding Oklahoma Access and Driver Safety Fund may be reduced proportionally. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage and approval.

Statutes affected:
Introduced: 69-1521