Starting November 1, 2026, Oklahoma’s Transportation Department must notify the Transportation Commission and get its approval before seeking surety payment for contractor failures.
Before claiming payment from a surety company for a contractor’s failure to perform its Department contract, the Department must notify the Transportation Commission and get its approval.
The Department must notify the Transportation Commission before making a claim against a surety company. This applies to claims for financial loss caused by a contractor’s failure to perform a contract with the Department. The Commission must review the information and approve the claim before the Department proceeds. The law takes effect November 1, 2026.
No hearings or votes scheduled.