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

HB 4368 is a procedural bill that names the "Waters and Water Rights Modernization Act of 2026" and sets its effective date as November 1, 2026. It does not create new water rights policies or alter existing regulations; instead, it establishes the act's official name and implementation timeline. The bill explicitly states it will not be codified in Oklahoma Statutes, meaning it exists only as a named legislative act without becoming part of the state's permanent legal code. This is a routine procedural measure to formalize the bill's designation ahead of its implementation date.