The proposed bill, known as the "Community Quality of Life Enhancement Act," aims to enhance the quality of life in Oklahoma communities by establishing the Community Quality of Life Enhancement Revolving Fund. This fund will provide additional funding sources for local communities to support various projects, including infrastructure improvements, parks and recreational facilities, public transportation enhancements, cultural centers, public art, and environmental conservation initiatives. Local communities will be required to form a board to apply for these funds through the Oklahoma Department of Commerce, which will manage the allocation of resources.

Additionally, the bill amends Section 1353 of the Oklahoma Sales Tax Code to allocate $60 million each fiscal year to the newly created revolving fund from sales tax revenues. This allocation is intended to ensure that the funds are available for the specified community enhancement projects. The act is set to take effect on July 1, 2026, and includes a declaration of emergency to expedite its implementation.

Statutes affected:
Introduced: 68-1353