Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB198 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SB198 HFLR Page 1
4		-	BOLD FACE denotes Committee Amendments. 1
	3	+	ENGR. S. B. NO. 198 Page 1 1
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29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31		-	STATE OF OKLAHOMA
32		-
33		-	1st Session of the 60th Legislature (2025)
34	27
35	28		ENGROSSED SENATE
36	29		BILL NO. 198 By: Brooks of the Senate
37	30
38	31		and
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40	33		Kannady of the House
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45	38		An Act relating to real property; authorizing use of
46	39		certain contingency for real estate contracts for
47	40		municipalities, counties, and the state; providing
48	41		for codification; and providing an effective date .
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53	46		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
54	47		SECTION 1. NEW LAW A new section of law to be codified
55	48		in the Oklahoma Statutes as Section 43 -116 of Title 11, unless there
56	49		is created a duplication in numbering, reads as follows:
57	50		A municipality may enter into a real estate contract for the
58	51		sale, conveyance, or exchange of real property, option to purchase
59	52		real property, or a lease with an option to purchase real property
60	53		that includes a contingency, not to exceed one hundre d eighty (180)
61	54		days, for the purposes of securing required permits, lot changes,
62	55		zoning changes, and any other land use approvals necessary to use
63	56		and operate the real property.
	57	+	SECTION 2. NEW LAW A new section of law to be codified
	58	+	in the Oklahoma Statutes as Section 865.70 of Title 19, unless there
	59	+	is created a duplication in numbering, reads as follows:
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65		-	SB198 HFLR Page 2
66		-	BOLD FACE denotes Committee Amendments. 1
	61	+	ENGR. S. B. NO. 198 Page 2 1
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91		-	SECTION 2. NEW LAW A new section of law to be codified
92		-	in the Oklahoma Statutes as Section 865.70 of Title 19, unless there
93		-	is created a duplication in numbering, rea ds as follows:
94	86		A county may enter into a real estate contract for the sale,
95	87		conveyance, or exchange of re al property, option to purchase real
96	88		property, or a lease with an option to purchase real property that
97	89		includes a contingency, not to exceed one hundred eighty (180) days,
98	90		for the purposes of securing required permits, lot changes, zoning
99	91		changes, and any other land use approvals necessary to use and
100	92		operate the real property.
101	93		SECTION 3. NEW LAW A new section of law to be codified
102	94		in the Oklahoma Statutes as Section 110.6 of Title 74, unless there
103	95		is created a duplication in numberi ng, reads as follows:
104	96		The state may enter into a real estate contract for the sale,
105	97		conveyance, or exchange of real property, option to purchase real
106	98		property, or a lease with an option to purchase real property that
107	99		includes a contingency, not to exceed o ne hundred eighty (180) days,
108	100		for the purposes of securing required permits, lot changes, zoning
109	101		changes, and any other land use approvals necessary to use and
110	102		operate the real property.
111	103		SECTION 4. This act shall become effective November 1, 2025.
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113		-	COMMITTEE REPORT BY: COMMITTEE ON JUDICIARY AND PUBLIC SAFETY , dated
114		-	04/17/2025 – DO PASS.
	105	+	ENGR. S. B. NO. 198 Page 3 1
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	129	+
	130	+	Passed the Senate the 11th day of March, 2025.
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	134	+	Presiding Officer of the Senate
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	137	+	Passed the House of Representatives the ____ day of __________,
	138	+	2025.
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	142	+	Presiding Officer of the House
	143	+	of Representatives
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