State government; creating certain revolving fund; creating the Oklahoma Main Street Revitalization Grant Program. Effective date.

SB 1834 creates the Oklahoma Main Street Revitalization Revolving Fund in the state treasury, managed by the Oklahoma Department of Commerce. The fund provides matching grants to eligible Main Street communities for specific downtown revitalization projects, including facade improvements, landscaping, public art, safety infrastructure, and accessibility upgrades. Applicants must contribute their own funds, with the state matching those investments up to a certain limit. The program prioritizes new applicants over repeat recipients and treats political subdivisions as single entities to ensure equitable distribution, with rules to be established by the Commerce Department Board. The program becomes effective November 1, 2026.