The bill amends the existing Terry Peach Water Restoration Act to establish a statewide pilot program aimed at the removal and eradication of harmful woody species in various watersheds across Oklahoma. Key changes include the replacement of "North Canadian Watershed" with "Water" in the title and throughout the text, broadening the scope of the program to encompass multiple watersheds rather than being limited to the North Canadian River area. The bill also introduces new species to the definition of harmful woody species and increases the number of required active project areas from two to three, specifying locations for these projects.

Additionally, the bill creates the Water Restoration Revolving Fund, which will support the Oklahoma Conservation Commission in its efforts to manage harmful woody species. This fund will be sustained through various sources, including appropriations and grants, and will not be subject to fiscal year limitations. The Commission is tasked with collaborating with landowners and other entities to implement the program, which includes cost-sharing for eradication efforts and raising awareness about the issues posed by harmful woody species. The act is set to take effect on November 1, 2025.