The bill amends the existing law known as the Terry Peach Water Restoration Act, which focuses on the management and eradication of harmful woody species in Oklahoma's watersheds. Key changes include the removal of references to the "North Canadian Watershed" and the introduction of a broader "statewide" pilot program aimed at addressing harmful woody species across various watersheds. The bill also expands 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 allows for cost-sharing with landowners and recognized governmental entities for expenses related to the eradication efforts.

Furthermore, the bill establishes the North Water Restoration Revolving Fund, which will support the Oklahoma Conservation Commission's initiatives by providing a continuous source of funding from various contributions. This fund will be utilized for the removal of harmful woody species and is not subject to fiscal year limitations. The bill outlines the Commission's responsibilities, including cooperation with landowners and other entities, measuring the impact of harmful species, and developing grant programs for eradication efforts. The act is set to take effect on November 1, 2025.