Bill No. 465 amends Section 2-129 of the Oklahoma Alcoholic Beverage Control Act, specifically addressing charitable alcoholic beverage licenses. The bill updates statutory references and language, and it exempts certain organizations, particularly institutions of higher education, from the limitations on the number of licenses they can obtain each year. The amendments include the addition of new tax-exempt organization categories under Section 501(c) of the Internal Revenue Code, specifically 501(c)(10) and 501(c)(19), while removing references to 501(c)(4) through 501(c)(9) and 501(c)(19).

Additionally, the bill clarifies the types of events that can be held under a charitable alcoholic beverage event license, which may include tastings, dinners, and auctions. It specifies that the license is valid for up to four days and allows for eight licenses per organization annually, with the noted exemption for higher education institutions. The charitable auction license is also addressed, allowing for the auction of alcoholic beverages for fundraising purposes, with a limit of four licenses per organization per year and a maximum of 50 gallons auctioned. The bill declares an emergency, allowing it to take effect immediately upon passage and approval.