Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1834 By: Reinhardt
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6 AS INTRODUCED
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7 An Act relating to state government; creating the
7 Oklahoma Main Street Revitalization Revolving Fund;
8 providing composition of funds; requiring certain
8 disbursal of monies on certain approval of the
9 Oklahoma Department of Commerce; creating the
9 Oklahoma Main Street Revitalization Grant Program;
10 authorizing the promulgation of rules by the Oklahoma
10 Department of Commerce Board to approve and fund
11 applications to the program; providing for
11 codification; and providing an effective date.
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14 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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15 SECTION 1. NEW LAW A new section of law to be codified
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16 in the Oklahoma Statutes as Section 5013.4 of Title 74, unless there
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17 is created a duplication in numbering, reads as follows:
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18 A. There is hereby created in the State Treasury a revolving
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19 fund for the Oklahoma Department of Commerce to be designated the
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20 "Oklahoma Main Street Revitalization Revolving Fund". The fund
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21 shall be a continuing fund, not subject to fiscal year limitations,
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22 and shall consist of all monies designated to the fund by law. All
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23 monies accruing to the credit of the fund are hereby appropriated
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24 and may be budgeted and expended by the Department for the purpose
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Req. No. 3319 Page 1
1 of matching contributions made by applicants to the Oklahoma Main
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2 Street Revitalization Grant Program. Expenditures from the fund
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3 shall be made upon warrants issued by the State Treasurer against
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4 claims filed as prescribed by law with the Director of the Office of
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5 Management and Enterprise Services for approval and payment.
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6 B. In order to be considered for a grant from the fund, a Main
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7 Street community shall apply to the Oklahoma Main Street
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8 Revitalization Grant Program, as established in Section 2 of this
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9 act.
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10 SECTION 2. NEW LAW A new section of law to be codified
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11 in the Oklahoma Statutes as Section 5013.5 of Title 74, unless there
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12 is created a duplication in numbering, reads as follows:
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13 A. The Oklahoma Department of Commerce shall establish the
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14 Oklahoma Main Street Revitalization Grant Program. The program
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15 shall include development of grants to match investments made by
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16 applicants seeking to develop, construct, or improve the quality of
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17 life in certified Main Street communities in this state through
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18 projects that include, but are not limited to:
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19 1. Investment in facades or buildings in Main Street areas;
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20 2. Landscaping that beautifies Main Street areas;
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21 3. Investment in lighting, sidewalks, sound systems, or other
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22 amenities that improve safety and the public experience;
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23 4. Distinctive sculptural installations or other public art; or
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Req. No. 3319 Page 2
1 5. Investment in infrastructure that improves viability of
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2 downtown residences or improves access to real estate in the Main
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3 Street area.
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4 B. In order to ensure fair and equitable distribution of grants
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5 from the program, the Oklahoma Department of Commerce Board shall
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6 promulgate rules for administering, determining priority of,
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7 approving and funding applications for such funds including, but not
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8 limited to:
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9 1. If a qualified entity has previously been approved for or
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10 received such funds and makes a subsequent application, that
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11 subsequent application may be assigned lower priority than an
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12 application by qualified entities who have not previously been
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13 approved for or received such funds;
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14 2. In order to prevent substantially the same entity or area
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15 from receiving an undue advantage, a political subdivision and all
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16 its public trusts and similar subordinate entities shall be treated
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17 as one qualified entity; and
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18 3. The Board may establish limited time periods for processing
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19 applications for available funds.
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20 SECTION 3. This act shall become effective November 1, 2026.
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22 60-2-3319 BRC 1/14/2026 11:13:18 PM
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Req. No. 3319 Page 3Every fact on this page links to its source, starting with the official bill record.