SB 341 — Railroad Revitalization Act; providing process for sale of certain lease-purchase properties. Effective date. Emergency.

ENGROSSEDAn Act ENROLLED SENATE BILL NO.

Frix of the Senate and Kerbs and Luttrell of the House 5 An Act relating to the Railroad Revitalization Act;

BESUBJECT: IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

Railroad properties BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

ENGR.3.

S.

B.

NO.

341 Page 1 3.

The Secretary Director of the Department of Transportation, Secretary of Finance, Secretary of Commerce, ENGR.Secretary of Agriculture, and Secretary of Energy shall be responsible for preparing a recommendation to the Transportation Commission, based on its evaluation of all submitted proposals including, if available, the results of the an economic impact and/or or activity study, provided the recommendation meets all other statutory requirements needed for action by the Commission.

S.

B.

NO.

341 Page 2 Secretary of Agriculture, and Secretary of Energy shall be responsible for preparing a recommendation to the Transportation Commission, based on its evaluation of all submitted proposals including, if available, the results of the an economic impact and/or or activity study, provided the recommendation meets all other statutory requirements needed for action by the Commission.

If a determination is rendered by the Transportation Commission that the sale of any railroad asset within its jurisdiction is appropriate,ENR. notification must be made to the Speaker of the House of Representatives and the President Pro Tempore of the Senate in writing prior to the Commission meeting where final action will take place.

All proceeds from the sale shall be deposited into the Oklahoma Railroad Maintenance Revolving Fund;

5.

To acquire and hold real or personal property in the exercise of its powers for the performance of its duties as ENGR.

341 Page 32 authorizedappropriate, bynotification thismust actbe Sectionmade 302.1to etthe seq.Speaker of the House of Representatives and the President Pro Tempore of the Senate in writing prior to the Commission meeting where final action will take place.

All proceeds from the sale shall be deposited into the Oklahoma Railroad Maintenance Revolving Fund;

5.

To acquire and hold real or personal property in the exercise of its powers for the performance of its duties as authorized by this act Section 302.1 et seq.

ENGR.8.

To receive, accept, and expend funds from the state, any federal agency, or from private sources, for rail planning and for administration of railroad assistance projects, and for or in aid of the acquisition, construction, reconstruction, replacement, repair, maintenance, and operation of railroad rights-of-way and trackage and for rail service continuation payments to railroad companies for operating losses sustained by reasons of continuing service on a ENR.

341 Page 43 8.line which may otherwise be abandoned or which may experience a reduced level of service not in the public interest, where such continuation of service is carried out under a written agreement with the Department establishing the terms and conditions for such payments, and to receive and accept funds, aid or contributions from any source of either money, property, labor, or other things of value, to be held, used, and applied only for the purposes for which such funds, aid, or contributions may be made;

To receive, accept, and expend funds from the state, any federal agency, or from private sources, for rail planning and for administration of railroad assistance projects, and for or in aid of the acquisition, construction, reconstruction, replacement, repair, maintenance, and operation of railroad rights-of-way and trackage and for rail service continuation payments to railroad companies for operating losses sustained by reasons of continuing service on a line which may otherwise be abandoned or which may experience a reduced level of service not in the public interest, where such continuation of service is carried out under a written agreement with the Department establishing the terms and conditions for such payments, and to receive and accept funds, aid or contributions from any source of either money, property, labor, or other things of value, to be held, used, and applied only for the purposes for which such funds, aid, or contributions may be made;

ENGR.10.

S.

B.

NO.

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and any person, firm, or corporation knowingly participatingENR. therein shall be equally liable for a violation of this provision.

ENGR.

341 Page 64 Theparticipating termtherein “business for profit” shall include, but not be limitedequally to,liable thefor acceptancea orviolation payment of anythis fee,provision. commission, gift, or consideration to such member, officer, or employee.

The term “business for profit” shall include, but not be limited to, the acceptance or payment of any fee, commission, gift, or consideration to such member, officer, or employee.

ENGR.ENR.

341 Page 75 Passed the Senate the 25th day of February, 2025.

3 Presiding Officer of the Senate 5 Passed the House of Representatives the ____28th day of __________,April, 2025.

8 Presiding Officer of the House of Representatives ENGR.OFFICE OF THE GOVERNOR Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ o'clock _______ M.

By: