The bill amends the Oklahoma Floodplain Management Act, specifically 82 O.S. 2021, Section 1605, to allow for compensation and reimbursement of expenses for members of county and municipal floodplain boards. It establishes that board members may receive compensation not exceeding $125 per meeting, as determined by the respective county commissioners or municipal governing body. Additionally, members can be reimbursed for expenses incurred while performing their duties in accordance with the State Travel Reimbursement Act. The bill also updates the terms of appointment for board members and clarifies the process for filling vacancies.

Furthermore, the bill specifies that existing floodplain boards prior to May 13, 1980, will maintain their current membership structure, while new boards will follow the updated appointment terms. The state floodplain board, composed of members from the Oklahoma Water Resources Board, will continue to serve without additional compensation. The act is set to take effect on November 1, 2025.