Lake and Industrial Access Revolving Fund Signed into Law
OKLAHOMA CITY – Rep. Josh Cantrell, R-Kingston, today praised the governor signing into law a bill to create the Lake and Industrial Access Revolving Fund. House Bill 3882 creates a continuing fund to be used by the Oklahoma Department of Transportation for the purpose of providing grants through either its Lake Access or Industrial Access programs. The Oklahoma Department of Transportation will be appropriated $15 million for this fund for Fiscal Year 2027, which starts July 1. "These funds help improve infrastructure to new or existing facilities," Cantrell said. "This in turn can bring new jobs and economic development that are crucial to our entire state." Sen. Jerry Alvord, R-Wilson, is the Senate author of the legislation. “These Lake Access and Industrial Access investments will improve connectivity for residents, vacationers, and workers across Oklahoma,” Alvord said. “I’m pleased to see this legislation signed into law to enhance access to recreational areas and industrial corridors throughout our district and state.” The Lake Access Program provides direct access to public user facilities located within the immediate vicinity of lakes and other recreation areas, which are beyond the normal limits of state or local responsibility. Traditionally the access would spur off of the state highway system and would provide immediate access to a lake or recreational facility. The Industrial Access Road Program helps connect specific industry or industrial areas directly to state highways or local roads. Applications for such projects can be made by local government authorities that have jurisdiction over the roadways. Local governments also often provide a portion of the work or funding for the projects. Cantrell said such cost-sharing is important as it allows counties and cities the ability to complete projects that are beyond their ability to fully fund. "There is often no way a county, for instance, can come up with half a million dollars to reconstruct a road," Cantrell said. "But by qualifying for an access grant, they can share the cost and bring needed development in their area."