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

SB 66 creates a $10 million revolving fund specifically for airport improvements at regional 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 matching contributions of $10 million from local, county, tribal, federal, or private sources before state funds can be used for repairs, upgrades, or air traffic control towers at eligible airports. The state appropriates $10 million from the General Revenue Fund to the revolving fund, with unspent funds reverting to the General Revenue Fund by July 1, 2027, if no spending decisions are made. This bill directly affects smaller regional airports in southeastern Oklahoma meeting the specified population and geographic criteria.