This bill amends Section 1707 of Title 69 of the Oklahoma Statutes, which pertains to the acquisition of land by the Oklahoma Turnpike Authority (OTA). The amendments require the OTA to compensate property owners for damages caused by turnpike projects, whether directly or indirectly. Compensation can take the form of property damage correction, monetary compensation for devaluation, or acquisition of the property at fair market value, including relocation costs. Additionally, the OTA is mandated to acquire properties abutting turnpike projects upon request from property owners, extending up to 1,000 feet from the right-of-way boundary. The bill also establishes a process for notifying property owners of their rights and the procedures for requesting compensation or acquisition.

Furthermore, the bill introduces a definition of "damage" as it relates to property, encompassing negative impacts on access, air, light, view, enjoyment, or monetary value. It outlines a structured process for property owners to request compensation or acquisition, including timelines for submitting requests and the OTA's obligations to negotiate in good faith. If an agreement cannot be reached within a specified timeframe, the OTA must initiate legal proceedings to determine compensation, with provisions for property owners to recover attorney and related fees if the awarded compensation exceeds the OTA's last offer by a significant margin. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.