The bill introduces the "Waters and Water Rights Modernization Act of 2026," which aims to update and modernize the management of water resources and rights in Oklahoma. It establishes a new section of law that is not intended to be codified within the existing Oklahoma Statutes, thereby creating a distinct framework for addressing water-related issues.

Additionally, the bill specifies that it will take effect on November 1, 2026. This timeline allows for the necessary preparations and adjustments to be made in anticipation of the new regulations and guidelines that will be established under this act.