SB 1507 Summary

• Changes the Conservancy Act of Oklahoma's opening language from "may be known and cited" to "shall be known and may be cited" as the official short title.

• Modifies punctuation and statutory language in 82 O.S. 2011, Section 531 regarding conservancy bonds and districts for technical clarity.

• Defines conservancy districts and conservancy bonds as the proper terminology for bonds issued under the Act, with specified language to appear on bond documents.

• Effective date: November 1, 2014.