The bill amends Section 8012 of Title 62 of the Oklahoma Statutes, which pertains to the duties of the Legislative Office of Fiscal Transparency. Key modifications include the addition of a new duty for the Office to analyze and conduct performance evaluations related to the administrative code of executive branch agencies. The oversight committee is tasked with ensuring that the Office's functions do not duplicate those of the Senate and House Appropriations Committees. Additionally, the bill updates statutory references and language, and it establishes a new administrative rules division within the Office, which will evaluate proposed permanent administrative rules for alignment with the Oklahoma Constitution and legislative intent, among other criteria.

Furthermore, the bill outlines the responsibilities of the newly created administrative rules division, including issuing reports on its evaluations and conducting regular assessments of existing provisions of the administrative code. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.