Oklahoma legislation · 2026 Regular Session
Oklahoma HB3985: Property; Oklahoma Safe Neighborhoods Act of 2026; requiring compensation for certain property damage; claims; effective date.
Status: Signed into law, May 6, 2026
What the bill says
An Act relating to property; creating the Oklahoma Safe Neighborhoods Act of 2026; defining terms; providing rules for certain property owner or triple net leaseholder claims; requiring compensation for certain property damage; listing certain compensable damages; providing for compensation in lieu of claims for monetary damages; providing for how compensation should be determined; determining limits for compensation amounts; providing time period for acceptance or rejection of claims; providing procedural rules following the acceptance or rejection of claims…
From the enrolled text, April 29, 2026:
An Act relating to property; creating the Oklahoma Safe Neighborhoods Act of 2026; defining terms; providing rules for certain property owner or triple net leaseholder claims; requiring compensation for certain property damage; listing certain compensable damages; providing for compensation in lieu of claims for monetary damages; providing for how compensation should be determined; determining limits for compensation amounts; providing time period for acceptance or rejection of claims; providing procedural rules following the acceptance or rejection of claims; limiting the number of claims per year; permitting voluntary settlements; providing exceptions; providing for codification; and providing an effective date. SUBJECT: Property SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 1110 of Title 60, unless there is created a duplication in numbering, reads as follows: This act shall be known and may be cited as the "Oklahoma Safe Neighborhoods Act of 2026". SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 1111 of Title 60, unless there is created a duplication in numbering, reads as follows: As used in this act: 1. "Affected government" means a city, town, or county to which a property owner is submitting a claim provided under this act; 2. "Fair market value" means the most likely price, estimated in …