The bill amends Section 570.10 of the Production Revenue Standard Act, specifically addressing the handling of proceeds from oil and gas production. A significant change is the introduction of a provision stating that proceeds that are undeliverable or uncashed will not earn interest. This means that if a payment is returned to the operator as undeliverable or if the royalty owner does not cash the payment check, those proceeds will not accrue any interest.

Additionally, the bill maintains existing provisions regarding the timely payment of proceeds to owners legally entitled to them, including specific timelines for payment and the conditions under which interest may be accrued on late payments. The effective date for this legislation is set for November 1, 2025.