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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
SENATE BILL 964 By: Standridge
AS INTRODUCED
An Act relating to turnpikes; amending 69 O.S. 2021,
Section 1711, which relates to tolls; removing
authority to revise toll rates; u pdating statutory
language; requiring legislative approval for toll
increases; providing for codification; and providing
an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 69 O.S. 2021, Section 1711, is
amended to read as follows:
Section 1711. The Oklahoma Turnpike Authority, subject to the
provisions hereof, is hereby authorized to fix, revise, charge and
collect tolls for the use of each turnpike project and the different
parts or sections thereof, except for use by law enforcement
officers responsible for enforcing the traffic laws and the general
laws of the state and federal governments on turnpikes, who shall be
entitled to free use of every such project in the performa nce of
official duties connected with such turnpike project, and to
contract with any person, partnership, association , or corporation
desiring the use of any part thereof, including the right -of-way
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adjoining the paved portion, for placing thereon telepho ne,
telegraph, electric light or power lines, gas stations, garages,
stores, hotels, restaurants , and advertising signs, or for any other
purpose except for tracks for railroad or railway use, and to fix
the terms, conditions, rents , and rates of charges f or such use.
Such tolls, subject to the other restrictions hereof, shall be s o
fixed and adjusted in respect of the aggregate of tolls from the
turnpike project or projects in connection with which the bonds of
any issue shall have been issued pursuant to Section 2 of this act
as to provide a fund sufficient with other revenues, if any, to pay
(a) the cost of maintaining, repairing, and operating such turnpike
project or projects, and (b) the principal of and the interest of
such bonds as the same shall be come due and payable, and to create
reserves for such purposes. The tolls and all other revenues
derived from the turnpike project or projects in connection with
which the bonds of any issue shall have been issued, except such
part thereof as may be neces sary to pay such cost of maintenance,
repair, and operation and to provide such reserves therefor as may
be provided for in the resolution authorizing the issuance of such
bonds or in the trust agreement securing the same shall be set aside
at such regular intervals as may be provided in such resolution or
such trust agreement in a sinking fund which is hereby pledged to,
and charged with, the payment of (a) the interest upon such bonds as
such interest shall fall due, (b) the principal of such bonds as the
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same shall fall due, (c) the necessary charges of paying agents for
paying principal and interest, and (d) the redemption price or the
purchase price of bonds retired by call or purchase as therein
provided, which are a charge against such fund. The use and
disposition of monies to the credit of such sinking fund shall be
subject to the provisions of the resolution authorizing the issuance
of such bonds or of such trust agreement. Except as may otherwise
be provided in such resolution or such trust agree ment, such sinking
fund shall be a fund for all such bonds without distinction or
priority of one over another. The monies in the sinking fund, less
such reserve as may be provided in such resolution or trust
agreement, if not used within a reasonable tim e for the purchase of
bonds for cancellation as above provided, shall be appli ed to the
redemption of bonds at the redemption price then applicable. Any
person who leases, rents, or acquires control of any gas station,
garage, store, hotel, or restaurant must shall have been a resident
of, or been doing business in, Oklahoma for the past five (5) years.
Notwithstanding anything else herein contained to the contrary, the
Corporation Commission of the State of Oklahoma shall exercise the
jurisdiction now or hereafter vested in it to regulate and control
the operation of motor carrier s of passengers and freight, using or
desiring to use any turnpike project, in the manner and to the
extent that it regulates or controls such carriers using the
highways of the state. The Authority shall not discriminate against
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any group or, class, or individual member thereof in fixing the
amount of toll tolls, rents, or charge charges for the use of the
turnpike project.
SECTION 2. NEW LAW A new sectio n of law to be codified
in the Oklahoma Statutes as Section 1711.1 of Title 69 , unless there
is created a duplication in numbering, reads as follows:
The Oklahoma Turnpike Authority shall have legislative approval
before increasing toll rates on any turnpi kes in this state. The
Legislature shall give approval by joint resolution for any increase
in rates.
SECTION 3. This act shall become effective November 1, 2025.
60-1-1339 MSBB 1/16/2025 1:17:19 PM