SB 341 Oklahoma Senate · 2025 Regular Session

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

SB 341 establishes a formal process for Oklahoma's Department of Transportation to sell state-owned railroad properties, requiring a 120-day request for proposal (RFP) period for interested buyers. It mandates that the Department evaluate proposals with input from the Department of Commerce (which may conduct an economic impact study), then submit a recommendation to the Transportation Commission for final approval. Proceeds from all sales must be deposited into the Oklahoma Railroad Maintenance Revolving Fund, and lease-purchase agreements must base final purchase prices on the railroad's operation value as appraised within the previous two years. This directly affects state-owned railroad assets, potential buyers, and the Transportation Commission's approval authority.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
Senate Passage
Feb 2025
House Passage
Apr 2025
Signed into Law
May 2025
Introduced Feb 3, 2025 Signed May 5, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Floor (House) Floor (Senate) · 5 edits
MODERATE
The bill was amended to transition from a House version to a Senate version, incorporating specific committee amendments that refine the Department of Transportation's authority to sell railroad assets. The Senate version adds clearer requirements for public notification, expands the evaluation process for asset sales, and clarifies funding sources for railroad revitalization efforts.
Scope change
The bill's scope remains focused on railroad revitalization, but the Senate amendments add procedural requirements for asset sales and clarify the roles of various state officials in the evaluation process.
REQUIREMENT

Added requirement that the Department of Transportation must notify the Speaker of the House and Senate President Pro Tempore in writing before final action on railroad asset sales.

Modified the response period for asset sale proposals from 90 days to 120 days to allow more time for interested parties to submit proposals.

Added requirement that the Department of Commerce must conduct an economic impact study of all proposals before the Transportation Commission makes a decision.

Modified the language regarding attorney compensation restrictions to clarify that attorneys cannot receive fees for special or extraordinary services related to the act.

FISCAL

Added clarification that surplus property acquired under the act may be disposed of by the Department.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
24
Key actions
7
Committee
6
May 5, 2025
Signed into law
Approved by Governor 05/03/2025
upper
Apr 28, 2025
Committee
Referred for enrollment
upper
Apr 28, 2025
Lower · Passed
Third Reading, Measure and Emergency passed: Ayes: 81 Nays: 8
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Commerce and Economic Development Oversight Committee
lower
Apr 10, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Transportation
lower
Apr 1, 2025
Committee
Referred to Transportation
lower
Feb 26, 2025
Introduced
First Reading
lower
Feb 26, 2025
Upper · Passed
Engrossed to House
upper
Feb 25, 2025
Committee
Referred for engrossment
upper
Feb 25, 2025
Upper · Passed
Measure and Emergency passed: Ayes: 47 Nays: 0
upper
Feb 17, 2025
Upper · Passed
Reported Do Pass as amended Aeronautics and Transportation committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors