The bill amends Section 13 of Title 27 of the Oklahoma Statutes, which governs eminent domain policies. A significant change is the increase in the minimum compensation amount for property acquired through eminent domain, which is now set at one hundred fifty percent (150%) of the fair market value of the property, as determined by an appraisal. This new requirement ensures that property owners receive a fairer compensation for their property, as it cannot be less than the approved appraisal amount. Additionally, the bill mandates that property owners must be provided with a written statement detailing the basis for the compensation amount. Other provisions in the bill include ensuring that property owners are not required to vacate their property until the agreed purchase price is paid, and that they receive at least ninety days' notice before being required to move. The bill also clarifies the definition of "appraisal" and "acquiring agency," and emphasizes that formal condemnation proceedings must be initiated if property is to be acquired through eminent domain. The act is set to take effect on November 1, 2025.