OklahomaOklahoma tourism agency would use property proceeds through two funds
Starting November 1, 2026, Oklahoma's tourism department would manage property-related money through its existing fund and a new restricted fund.
What it does
The department's existing revolving fund would receive money from real-property sales and investment interest, then pay department operations, maintenance, and property purchases.
A new fund would hold most proceeds from state tourism-property transactions and could pay only approved maintenance and capital projects, not employee pay or transfers to other agencies.
Argument forKeeping property proceeds in a dedicated fund could help the department plan and pay for approved maintenance and capital projects.
Argument againstThe spending limits could reduce flexibility because the fund could not pay state-agency employees or transfer money to other agencies.
More detail
The Oklahoma Tourism and Recreation Department would receive property-sale money and investment interest in its revolving fund. The fund covers money received under the act and money from selling or conveying real property under the Commission's control. The department could spend the money on administration, operations, maintenance, and buying real property. Spending would follow state law and department statutes. The State Treasurer would issue payment warrants against claims approved through the required state process. This provision would take effect November 1, 2026.
The Oklahoma Tourism and Recreation Department would manage a Real Property Proceeds Revolving Fund. The fund would hold money from selling, transferring, leasing, or otherwise conveying real property under the Commission's control, except leases made under concessionaire agreements. The department could use the money only for maintenance and capital projects in the annually updated five-year plan approved by the Long-Range Capital Planning Commission. The money could not pay state-agency employees or be transferred to another state agency. Investment interest and income would stay in this fund. The State Treasurer would issue payment warrants against claims approved through the required state process. The fund and its spending rules would take effect November 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 29Approved by Governor Kevin Stitt 05/20/2026Became Law
- May 14Sent to GovernorTo Governor
- Vote recorded Fourth Reading. Result: pass.Upper
- May 14Signed, returned to Senate
- May 14Enrolled, to House
- May 14Referred for enrollment
- May 14Measure passed: Ayes: 35 Nays: 13Major
- May 14HAs adoptedMajor
- May 6HAs read
- Vote recorded Third Reading. Result: pass.Lower
- May 6Engrossed, signed, to SenateMajor
- May 6Referred for engrossment
- May 6Third Reading, Measure passed: Ayes: 69 Nays: 17Major
- May 6General Order
- Apr 22Title restored
- Apr 22Coauthored by Representative(s) Provenzano
- Apr 22CR; Do Pass, amended by committee substitute Appropriations and Budget CommitteeMinor
- Apr 21
- Vote recorded Appropriations And Budget Committee: Do Pass As Amended By Cs. Result: pass.Lower
- Apr 13Recommendation to the full committee; Do Pass Appropriations and Budget Natural Resources SubcommitteeMinor
- Apr 6
- Vote recorded Appropriations And Budget Natural Resources Subcommittee: Do Pass. Result: pass.Lower
- Apr 2Referred to Appropriations and Budget Natural Resources SubcommitteeMinor
- Mar 31Second Reading referred to Appropriations and BudgetMinor
- Mar 30First ReadingMinor
- Mar 30Engrossed to HousePassed House
- Mar 26Referred for engrossment
- Vote recorded Third Reading. Result: pass.Upper
- Mar 26Measure passed: Ayes: 30 Nays: 14Passed Senate
- Mar 26General Order, Amended by Floor Substitute
- Feb 2Remove as author Senator Thompson; authored by Senator Logan
- 2025
- Mar 3Placed on General Order
- Feb 26Title stricken
- Vote recorded Appropriations. Result: pass.Upper
- Feb 26Reported Do Pass as amended Appropriations committee; CR filedMinor
- Feb 11Referred to AppropriationsMinor
- Feb 11Reported Do Pass Economic Development, Workforce and Tourism committee; CR filedMinor
- Feb 4Second Reading referred to Economic Development, Workforce and Tourism Committee then to Appropriations CommitteeMinor
- Feb 3Coauthored by Representative Hill (principal House author)
- Feb 3Authored by Senator Thompson
- Feb 3First ReadingIntroduced
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