Airport infrastructure; creating the Oklahoma Southeastern Regional Airport Improvement Revolving Fund; making an appropriation. Effective date. Emergency.

SB 66 creates the Oklahoma Southeastern Regional Airport Improvement Revolving Fund to finance airport upgrades at small regional airports. It specifically targets airports located east of U.S. Highway 69, south of U.S. Highway 70, and within Oklahoma municipalities with populations between 10,000 and 20,000 people. The fund requires $10 million in matching contributions from local, county, tribal, federal sources, or donations before state funds can be used for repairs, improvements, or air traffic control towers. The bill appropriates $10 million from the state's General Revenue Fund, with unspent funds transferring to the General Revenue Fund by July 1, 2027, if no eligible projects are approved.