Cities and towns; creating the Municipal Parking Benefit District Act. Effective date.

SB 651 would allow Oklahoma municipalities to create "parking benefit districts" where revenue from on-street parking meters within a designated zone is used to fund local improvements like repairs or maintenance in that same area. To establish a district, cities must hold a public hearing with notice to property owners and the public, and may form an advisory committee (requiring a majority of business owners who operate within the district) to recommend projects. The bill specifies that all parking meter revenue collected in these districts must be held in a special fund dedicated to maintaining the parking infrastructure within the district boundaries. This directly affects city governments, local businesses, and residents in areas where such districts are created.