This bill mandates a legislative management study focused on the allocation formulas for oil and gas tax revenue during the 2025-26 interim period. The study will evaluate both current and historical allocations to political subdivisions, assessing the appropriate levels of revenue distribution based on the infrastructure and developmental impacts associated with oil and gas activities.

The findings and recommendations from this study, along with any necessary legislation to implement these recommendations, are to be reported to the seventieth legislative assembly. This initiative aims to ensure that the allocation of oil and gas tax revenues is effectively aligned with the needs of local governments impacted by the industry.