Oklahoma legislation · 2026 Regular Session
Oklahoma SB198: Property; authorizing use of certain contingency for certain real estate contracts. Effective date.
Status: Chaptered, May 15, 2025
What the bill says
An Act relating to real property; authorizing use of certain contingency for real estate contracts for municipalities, counties, and the state; providing for codification; and providing an effective date. SUBJECT: Real estate contracts.
From the enrolled text, May 8, 2025:
An Act relating to real property; authorizing use of certain contingency for real estate contracts for municipalities, counties, and the state; providing for codification; and providing an effective date. SUBJECT: Real estate contracts SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 43-116 of Title 11, unless there is created a duplication in numbering, reads as follows: A municipality may enter into a real estate contract for the sale, conveyance, or exchange of real property, option to purchase real property, or a lease with an option to purchase real property that includes a contingency, not to exceed one hundred eighty (180) days, for the purposes of securing required permits, lot changes, zoning changes, and any other land use approvals necessary to use and operate the real property. SECTION 2. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 865.70 of Title 19, unless there is created a duplication in numbering, reads as follows: A county may enter into a real estate contract for the sale, conveyance, or exchange of real property, option to purchase real property, or a lease with an option to purchase real property that includes a contingency, not to exceed one hundred eighty (180) days, for the purposes of securing required …
Sponsors
- Michael Brooks (D, SD-044) · primary sponsor
Latest actions
- : Becomes law without Governor's signature 05/15/2025
- : Sent to Governor
- : Enrolled, to House
- : Signed, returned to Senate
- : Referred for enrollment
- : Signed, returned to Senate
- : Third Reading, Measure passed: Ayes: 89 Nays: 0
- : General Order
- : CR; Do Pass Judiciary and Public Safety Oversight Committee
- : Policy recommendation to the Judiciary and Public Safety Oversight committee; Do Pass Civil Judiciary
Votes
- Third Reading (May 7, 2025): 89 yea, 0 nay, passed
- Floor Vote (April 17, 2025): 12 yea, 0 nay, passed
- Floor Vote (April 3, 2025): 10 yea, 0 nay, passed
- Third Reading (March 11, 2025): 45 yea, 0 nay, passed
- Senate Judiciary Committee (March 4, 2025): 8 yea, 0 nay, passed
Common questions
- What is SB198?
- SB198 is a bill in the Oklahoma Legislature (2026 Regular Session): Property; authorizing use of certain contingency for certain real estate contracts. Effective date.
- What does SB198 do?
- In its own words: An Act relating to real property; authorizing use of certain contingency for real estate contracts for municipalities, counties, and the state; providing for codification; and providing an effective date. SUBJECT: Real estate contracts.
- What is the status of SB198?
- Chaptered as of May 15, 2025. Latest action: Becomes law without Governor's signature 05/15/2025 (May 15, 2025).
- Who sponsored SB198?
- Michael Brooks (D, SD-044).
- Where is the official record for SB198?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB198&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.