Bill No. 1175 appropriates $925,000 from the General Revenue Fund to the Oklahoma Water Resources Board for the fiscal year ending June 30, 2027. Additionally, it mandates that $10 million of the appropriated funds be deposited into the Rural Economic Action Plan Water Projects Fund, allowing the Board to enter into contracts with financial institutions to manage and distribute loan funds. Furthermore, the bill allocates $2 million specifically for designing a regional water system in northeast Oklahoma.

The act is set to take effect on July 1, 2026, and includes an emergency clause, indicating its immediate necessity for the preservation of public peace, health, or safety. This emergency declaration allows the bill to be enacted and enforced promptly upon passage and approval.