This bill amends Section 28-9-521 of the Idaho Code, which pertains to secured transactions and the acceptance of written financing statements. The key changes include granting the Secretary of State the authority to prescribe the form and format of certain filing statements, ensuring they comply with the standards of the Uniform Commercial Code. The bill removes previous provisions regarding specific forms that were required for these statements.

Additionally, the bill declares an emergency, allowing it to take effect on July 1, 2025. This change aims to streamline the filing process for financing statements and enhance compliance with established commercial standards.