Oklahoma SB1319: Corporation Commission; processes for cities and counties to seek certain reimbursement; fair market value; requiring application to request use of certain funds; creating the Remediation Assistance Revolving Fund. Emergency.

What the bill says

An Act relating to Corporation Commission; requiring certain process be established for cities and counties to seek certain reimbursement; requiring city or county to begin certain process before requesting reimbursement; providing fair market value be determined by city or county; providing process for determining valuation; requiring application to request use of certain funds; prohibiting certain fee; authorizing Corporation Commission to hear application; requiring Commission make certain ruling on eligibility; prohibiting homeowner payments from certain fund…

From the enrolled text, May 14, 2026:

An Act relating to Corporation Commission; requiring certain process be established for cities and counties to seek certain reimbursement; requiring city or county to begin certain process before requesting reimbursement; providing fair market value be determined by city or county; providing process for determining valuation; requiring application to request use of certain funds; prohibiting certain fee; authorizing Corporation Commission to hear application; requiring Commission make certain ruling on eligibility; prohibiting homeowner payments from certain fund; requiring Commission comply with certain requirements; requiring certain remediation and abatement using state plugging funds; requiring city or county sell property and return proceeds to certain fund; requiring homeowner act in good faith; requiring homeowner provide certain copies of claims; requiring certain proceeds be reimbursed to certain fund; requiring homeowner be held liable if acting in bad faith; requiring Attorney General bring action in certain cases; providing for referral to the Department of Environmental Quality; requiring certain reimbursement to Department of Environmental Quality; requiring the promulgation of certain rules by Commission; creating the Remediation Assistance Revolving Fund; establishing revolving fund characteristics; declaring the funds appropriated; providing for codification; and declaring an emergency. SUBJECT: Remediation assistance for environmental emergencies SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 180.14 of Title 17, unless there is created a …