An act relating to the Oklahoma Turnpike Authority, the official text

1                   STATE OF OKLAHOMA

2          2nd Session of the 60th Legislature (2026)

3 HOUSE BILL 3149               By: Menz

4

5

6                               AS INTRODUCED

7   An Act relating to the Oklahoma Turnpike Authority;

    amending 69 O.S. 2021, Section 1718, which relates to

8   judicial determination of validity of bonds;

    requiring certain notice; and providing an effective

9   date.

10

11

12

13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

14  SECTION 1.      AMENDATORY  69 O.S. 2021, Section 1718, is

15 amended to read as follows:

16  Section 1718. The Oklahoma Turnpike Authority is authorized in

17 its discretion to file an application with the Supreme Court of

18 Oklahoma for the approval of any bonds to be issued hereunder, and

19 exclusive original jurisdiction is hereby conferred upon the Supreme

20 Court to hear and determine each such application. It shall be the

21 duty of the Court to give such applications precedence over the

22 other business of the Court and to consider and pass upon the

23 applications and any protests which may be filed thereto as speedily

24 as possible. Notice of the hearing on each application shall be

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1 given by a notice published in a newspaper of general circulation in

2 the state, as well as by certified mail to any and all real property

3 owners located within a one-mile radius of the specified project,

4 that on a day named the Authority will ask the Court to hear its

5 application and approve the bonds. Such notice shall inform all

6 persons interested that they may file protests against the issuance

7 of the bonds and be present at the hearing and contest the legality

8 thereof. Such notice shall be published one time not less than ten

9 (10) days prior to the date named for the hearing and the hearing

10 may be adjourned from time to time in the discretion of the Court.

11 If the Court shall be satisfied that the bonds have been properly

12 authorized in accordance with this article and that when issued,

13 they will constitute valid obligations in accordance with their

14 terms, the Court shall render its written opinion approving the

15 bonds and shall fix the time within which a petition for rehearing

16 may be filed. The decision of the Court shall be a judicial

17 determination of the validity of the bonds, shall be conclusive as

18 to the Authority, its officers and agents, and thereafter the bonds

19 so approved and the revenues pledged to their payment shall be

20 incontestable in any court in the State of Oklahoma.

21  SECTION 2. This act shall become effective November 1, 2026.

22

23  60-2-14354      JBH  12/04/25

24

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