Bill No. 462 authorizes retired municipal police officers in Oklahoma to retain custody and possession of their municipal-issued firearm and badge upon retirement, provided they submit a written request to the head of their law enforcement agency. The agency head has the discretion to grant this request, with specific exceptions outlined, including cases where the officer is not in good standing, has been convicted of a felony involving moral turpitude, is mentally incapacitated, or if granting the request would be detrimental to public health, safety, and welfare.

Additionally, the bill allows for the custody and possession of a deceased officer's firearm and badge to be awarded to their spouse or next of kin, following the policies of the respective law enforcement agency. This new law is set to be codified as Section 34-109 of Title 11 in the Oklahoma Statutes and will take effect on November 1, 2025.