This bill amends several sections of the Oklahoma Alcoholic Beverage Control Act, specifically addressing the regulations surrounding wine and spirits wholesalers and retailers. Key changes include the requirement for payments from certain licensees to wholesalers or distributors to be made via electronic funds transfer (EFT), with specific provisions for initiating these payments and maintaining records. The bill also establishes exceptions for accepting cash or checks under certain circumstances, such as non-sufficient funds or temporary service interruptions. Additionally, it updates the language regarding the limitations on rights and interests of licensees and clarifies prohibited acts related to the sale and distribution of alcoholic beverages.

Furthermore, the bill modifies existing provisions regarding the sale of alcoholic beverages by retail licensees, including the prohibition of selling on credit and the conditions under which prizes or gifts may be offered in connection with sales. It removes outdated language regarding payment methods and reinforces the requirement for compliance with the new EFT payment system. The effective date for these changes is set for November 1, 2025.