Senate Bill No. 1071 establishes the Wildland Fire Act and the Wildland Fire Mitigation Program Act in Oklahoma. The bill defines key terms related to wildland fires, including "electric utility," "wildland fire," and "injuries arising from the ownership of property." It outlines the liability of individuals and entities who negligently or intentionally cause wildland fires, holding them accountable for property damage regardless of land jurisdiction. However, it provides exceptions for electric utilities that comply with safety regulations. The bill also specifies that damages awarded for property loss due to wildland fires will not include punitive or treble damages and will be limited to restoration costs or the difference in property value before and after the fire.

Additionally, the bill creates a Wildland Fire Mitigation Program within the Oklahoma Conservation Commission, aimed at reducing the risk and impact of wildland fires through proactive management and incentivization of mitigation practices. The Commission is tasked with developing guidelines, a pilot program for testing fire mitigation strategies, and a revolving fund to support these initiatives. The fund will consist of various sources of revenue, including appropriations and grants, and will be used to implement the program effectively. The act is set to take effect on November 1, 2025.