The bill amends Section 13 of Title 27 of the Oklahoma Statutes, which pertains to eminent domain policies. It introduces a requirement that the compensation offered for real property acquired through eminent domain must be at least one hundred fifty percent (150%) of the fair market value as determined by an approved appraisal. Additionally, it stipulates that property owners must not be required to vacate their property until the agreed purchase price is paid or deposited in court, also set at a minimum of one hundred fifty percent (150%) of the approved appraisal.

Other provisions include ensuring that property owners receive written statements explaining the compensation amount, providing adequate notice for relocations, and prohibiting coercive actions to expedite agreements on property prices. The bill also clarifies definitions related to appraisals and acquiring agencies. The effective date for these changes is set for November 1, 2025.