Transportation; modifying certain apportionment; creating the Municipal Improvements for Roads and Bridges Fund. Effective date. Emergency.

SB 173 redirects excess vehicle tax revenue that would otherwise go to Oklahoma's General Revenue Fund into a new Municipal Improvements for Roads and Bridges Fund. Starting in 2019, any funds exceeding the 2015 apportionment level for transportation will now fund local road and bridge projects instead. This directly affects Oklahoma cities and counties seeking to improve their infrastructure through this dedicated funding source. The bill modifies existing vehicle fee distribution rules without creating new taxes, using money that would have otherwise been added to the General Revenue Fund.