This bill amends Section 1020.16 of Title 82 of the Oklahoma Statutes, which governs the licensing of individuals and firms engaged in the commercial drilling or plugging of groundwater wells and related activities. Key changes include increasing the cap of the Well Drillers and Pump Installers Remedial Action Indemnity Fund from $50,000 to $100,000, and raising the allowable expenditures from this fund for each well or borehole from $10,000 to $25,000. The bill also updates statutory language and references, and establishes that the fees collected for licensing will first be credited to the Indemnity Fund.

Additionally, the bill outlines the responsibilities of the Oklahoma Water Resources Board, including the authority to inspect wells and impose administrative penalties for noncompliance with regulations. It allows for the creation of a Well Drillers and Pump Installers Advisory Council to recommend rules and oversee the use of funds for remedial actions to protect groundwater. The act is set to take effect on November 1, 2026.