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 impacts of infrastructure and other developments related to oil and gas activities.

At the conclusion of the study, the legislative management is required to report its findings and recommendations to the seventieth legislative assembly, including any proposed legislation necessary to implement these recommendations. 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.