Waters and water rights; creating the Waters and Water Rights Modernization Act of 2026; effective date.

HB 4367 creates the "Waters and Water Rights Modernization Act of 2026" but does not establish new policy requirements or regulations. The bill solely names the act, specifies it will not be codified in Oklahoma Statutes, and sets its effective date as November 1, 2026. It directly affects Oklahoma's water rights legal framework by formally designating this specific legislation, though it contains no substantive changes to water rights procedures or management. This is a procedural bill focused on naming and timing, not policy implementation.