SB198 HFLR Page 1
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HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
ENGROSSED SENATE
BILL NO. 198 By: Brooks of the Senate
and
Kannady of the House
An Act relating to real property; authorizing use of
certain contingency for real estate contracts for
municipalities, counties, and the state; providing
for codification; and providing an effective date .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new sect ion of law to be codified
in the Oklahoma Statutes as Section 43 -116 of Title 11, unless there
is created a duplication in numbering, reads as follows:
A municipality may enter into a real estate contract for the
sale, conveyance, or exchange of real prope rty, option to purchase
real property, or a lease with an option to purchase real property
that includes a contingency, not to exceed one hundred eighty (180)
days, for the purposes of securing required permits, lot changes,
zoning changes, and any other l and use approvals necessary to use
and operate the real property.
SB198 HFLR Page 2
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SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 865.70 of Title 19, unless there
is created a duplication in numbering, rea ds as follows:
A county may enter into a real estate contract for the sale,
conveyance, or exchange of real property, option to purchase real
property, or a lease with an option to purchase real property that
includes a contingency, not to exceed one hundr ed eighty (180) days,
for the purposes of securing required permits, lot changes, zoning
changes, and any other land use approvals necessary to use and
operate the real property.
SECTION 3. NEW LAW A new section of law to be codifie d
in the Oklahoma Statutes as Section 110.6 of Title 74, unless there
is created a duplication in numbering, reads as follows:
The state may enter into a real estate contract for the sale,
conveyance, or exchange of real property, option to purchase real
property, or a lease with an option to purchase real property that
includes a contingency, not to exceed o ne hundred eighty (180) days,
for the purposes of securing required permits, lot changes, zoning
changes, and any other land use approvals necessary to use and
operate the real property.
SECTION 4. This act shall become effective November 1, 2025.
COMMITTEE REPORT BY: COMMITTEE ON JUDICIARY AND PUBLIC SAFETY , dated
04/17/2025 – DO PASS.