Cities and towns; Oklahoma Neighborhood Revitalization Act; creating the Oklahoma Neighborhood Revitalization Fund. Effective date. Emergency.

SB 151 creates the Oklahoma Neighborhood Revitalization Fund to provide grants for aesthetic improvements in small municipalities. It directs sales tax revenue to fund projects like sidewalk repairs, street lighting, and roadside beautification for cities with under 25,000 residents. Municipalities must contribute 20% of project costs (capped at $500,000) and apply by May 1, 2026, with funds distributed by October 1, 2026. The Oklahoma Department of Commerce reviews applications and allocates funds exclusively for approved improvements, prohibiting use for other purposes.