The Oklahoma Safe Neighborhoods Act of 2026 establishes a framework for property owners and triple net leaseholders in municipalities with populations over 130,000 to seek compensation for damages resulting from government policies that fail to enforce laws against public nuisances, such as illegal camping and loitering. The act defines key terms, including "affected government," "property owner," "fair market value," and "just compensation." It allows property owners to submit claims for compensation based on either documented expenses incurred to mitigate the effects of such policies or the reduction in fair market value of their property. Compensation is capped at the amount of primary property taxes paid in the previous year, and any excess can be claimed in subsequent years without accruing interest.

The act outlines procedural rules for claim submission, requiring affected governments to respond within 30 days, and provides for judicial recourse if claims are rejected. It also specifies that property owners can only submit one claim per tax year and allows for additional claims if further damage occurs due to ongoing public nuisances. Notably, the act does not apply to prosecutorial discretion exercised on a case-by-case basis, acts of executive clemency, or federal mandates. The law is set to take effect on November 1, 2026.