The bill, known as the "Terry Peach Water Restoration Act," aims to establish a statewide program for the removal and eradication of harmful woody species in Oklahoma's watersheds. It amends existing legislation to replace references to the "North Canadian Watershed" with "Water" and expands the definition of harmful woody species to include additional species such as Redberry juniper, Ashe juniper, and honey mesquite. The Oklahoma Conservation Commission will administer the program, which will involve cooperation with landowners and state agencies, as well as the use of funds from the newly designated "Water Restoration Revolving Fund."

The bill also creates a revolving fund to support the program, which will be funded through various sources, including appropriations and grants. The fund will be used to cover costs associated with the eradication of harmful woody species, including prescribed burns and mechanical removal. The act is set to take effect on November 1, 2025, following its passage in both the House and Senate.