The bill amends the Oklahoma Housing Authorities Act by updating definitions and broadening the criteria for various terms used within the legislation. Key changes include the replacement of the term "this act" with "the Oklahoma Housing Authorities Act" throughout the text, ensuring clarity regarding the specific legislation being referenced. The definitions of terms such as "Authority," "City," "Governing body," and "Housing project" have been expanded to provide more comprehensive descriptions. Notably, the bill introduces a new provision allowing active city housing authorities to utilize American Rescue Plan Act funds for projects within the state until December 31, 2027, provided they consult with relevant local authorities.

Additionally, the bill clarifies the operational areas for housing authorities, stipulating that county authorities cannot undertake projects within city boundaries without the city's governing body resolution. The amendments also include a detailed definition of "Persons of low income" and outline the types of projects that can be undertaken, emphasizing the importance of providing decent and safe housing for low-income individuals. The act is set to become effective on November 1, 2025.