Bill No. 742 amends Section 1277 of Title 21 of the Oklahoma Statutes, which governs unlawful carry of firearms in certain places. The bill modifies the scope of individuals for whom lawful carry applies, updates statutory language, and clarifies definitions related to security provisions at events. Notably, it replaces the term "minimum-security" with "minimum security" in several instances, ensuring consistency in the language used to describe security measures required for certain properties. The bill also allows for the carrying of concealed or unconcealed firearms in specific areas, such as public parks and school parking lots, under certain conditions, while maintaining prohibitions in sensitive locations like courthouses and schools.

Additionally, the bill outlines the responsibilities and limitations for various individuals, including school personnel and elected officials, regarding firearm possession on school property and in courthouses. It specifies that private schools may adopt policies allowing weapons on their property, and it provides immunity from liability for schools that do so, except in cases of gross negligence. The bill also establishes penalties for violations of its provisions, including fines and potential administrative actions against licensees. The act is set to take effect on November 1, 2025.