The bill amends Section 1104 of the Oklahoma Vehicle License and Registration Act to enhance the funding for the County Improvement Roads and Bridges Fund. It mandates that all fees, taxes, and penalties collected under the Act be distributed monthly by the Oklahoma Tax Commission, with Service Oklahoma required to provide detailed reports on motor vehicle collections. The bill specifies the distribution percentages for various funds, including allocations to school districts, the General Revenue Fund, and the State Transportation Fund, ensuring that these funds are utilized for road construction and maintenance. Additionally, it establishes limits on the amounts apportioned to various funds, ensuring that no fiscal year’s allocation exceeds the total amount apportioned for the fiscal year ending on June 30, 2015, with any excess directed to the General Revenue Fund or the Rebuilding Oklahoma Access and Driver Safety Fund.

Furthermore, the bill introduces a tiered system for contributions to the Oklahoma Law Enforcement Retirement Fund and mandates that a portion of the funds be allocated to the Wildlife Conservation Fund for specific projects. It sets new fiscal year limits for the County Improvements for Roads and Bridges Fund, which will increase from $120 million in 2020 to $175 million by 2033. For the fiscal years 2021 through 2026, 25% of the monthly allocation to the County Improvements Fund will be distributed to counties based on area, road miles, and bridge replacement costs. The act is scheduled to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage and approval.

Statutes affected:
Introduced: 47-1104