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53	53	STATE OF OKLAHOMA
54	54
55	55	1st Session of the 60th Legislature (2025)
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57	57	SENATE BILL 975 By: Wingard
58	58
59	59
60	60
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63	63	AS INTRODUCED
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65	65	An Act relating to turnpikes; amending 69 O.S. 2021,
66	66	Section 1711, which relates to tolls; removing
67	67	authority to revise toll rates; updating statutory
68	68	language; requiring legislative approval for toll
69	69	increases; prohibiting Legislature from approving
70	70	certain toll increases; providing for codification;
71	71	and providing an effective date .
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75	75	BE IT ENACTED BY THE PEOPLE OF THE STATE OF O KLAHOMA:
76	76	SECTION 1. AMENDATORY 69 O.S. 2021, Section 1711, is
77	77	amended to read as follows:
78	78	Section 1711. The Oklahoma Turnpike Authority, subject to the
79	79	provisions hereof, is hereby authorized to fix, revise, charge and
80	80	collect tolls for the use of each turnpike project and the different
81	81	parts or sections thereof, except for use by law enforcement
82	82	officers responsible for enforcing the traffic laws and the general
83	83	laws of the state and federal governments on turnpikes, who shall be
84	84	entitled to free use of every such project in the performance of
85	85	official duties connected with such turnpike project, and to
86	86	contract with any person, partnership, association , or corporation
87	87	desiring the use of any part thereof, including the right -of-way
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139	139	adjoining the paved portion, for placing thereon telephone,
140	140	telegraph, electric light or power lines, gas stations, garages,
141	141	stores, hotels, restaurants , and advertising signs, or for any other
142	142	purpose except for tracks for railroad or railway use, and to fix
143	143	the terms, conditions, rents , and rates of charges for such use.
144	144	Such tolls, subject to the other restrictions hereof, shall be so
145	145	fixed and adjusted in respect of the aggregate of tolls from the
146	146	turnpike project or projects in connection with whic h the bonds of
147	147	any issue shall have been issued pursuant to Section 2 of this act
148	148	as to provide a fund sufficient with other revenues, if any, to pay
149	149	(a) the cost of maintaining, repairing, and operating such turnpike
150	150	project or projects, and (b) the principal of and the interest of
151	151	such bonds as the same shall become due and payabl e, and to create
152	152	reserves for such purposes. The tolls and all other revenues
153	153	derived from the turnpike project or projects in connection with
154	154	which the bonds of any issue shall have been issued, except such
155	155	part thereof as may be necessary to pay such cost of maintenance,
156	156	repair, and operation and to provide such reserves therefor as may
157	157	be provided for in the resolution authorizing the issuance of such
158	158	bonds or in the trust agr eement securing the same shall be set aside
159	159	at such regular intervals as may b e provided in such resolution or
160	160	such trust agreement in a sinking fund which is hereby pledged to,
161	161	and charged with, the payment of (a) the interest upon such bonds as
162	162	such interest shall fall due, (b) the principal of such bonds as the
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214	214	same shall fall due, (c) the necessary charges of paying agents for
215	215	paying principal and interest, and (d) the redemption price or the
216	216	purchase price of bonds retired by call or purchase as therei n
217	217	provided, which are a charge against such fund. The use and
218	218	disposition of monies to the credit of such sinking fund shall be
219	219	subject to the provisions of the resolution authorizing the issuance
220	220	of such bonds or of such trust agreement. Except as may otherwise
221	221	be provided in such resolution or such trust agreement, such sinking
222	222	fund shall be a fund for all such bonds without distinction or
223	223	priority of one over another. The monies in the sinking fund, less
224	224	such reserve as may be provided in such resolut ion or trust
225	225	agreement, if not used within a reasonable time for the purchase of
226	226	bonds for cancellation as above provided, shall be applied to the
227	227	redemption of bonds at the redemption price then applicable. Any
228	228	person who leases, rents, or acquires contr ol of any gas station,
229	229	garage, store, hotel, or restaurant must have been a resident of, or
230	230	been doing business in, Oklahoma for the past five (5) years.
231	231	Notwithstanding anything else herein contained to the contrary, the
232	232	Corporation Commission of the State of Oklahoma shall exercise the
233	233	jurisdiction now or hereafter vested in it t o regulate and control
234	234	the operation of motor carriers of passengers and freight, using or
235	235	desiring to use any turnpike project, in the manner and to the
236	236	extent that it regulates or controls such carriers using the
237	237	highways of the state. The Authority shall not discriminate against
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289	289	any group or class or individual member thereof in fixing the amount
290	290	of toll tolls, rents, or charge charges for the use of the turnpike
291	291	project.
292	292	SECTION 2. NEW LAW A new section of law to be codified
293	293	in the Oklahoma Statutes as Section 1711.1 of Title 69, unless there
294	294	is created a duplication in numbering, reads as follows:
295	295	A. The Oklahoma Turnpike Authority shall have legislat ive
296	296	approval before increasing toll rates on any turnpikes in this
297	297	state. The Legislature shall give approval by joint resolution for
298	298	any increase in rates.
299	299	B. The Legislature shall not give approval to any toll rate
300	300	increase that gives more than a ten p ercent (10%) discount to
301	301	members of a specific class.
302	302	SECTION 3. This act shall become effective November 1, 2025.
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304	304	60-1-797 MSBB 1/16/2025 1:31:44 PM

Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB975 Compare Versions