This bill amends Section 8012 of Title 62 of the Oklahoma Statutes, which pertains to the Legislative Office of Fiscal Transparency. The amendments modify the duties of the Office by adding a new responsibility to analyze and conduct performance evaluations related to the administrative code of executive branch agencies. Additionally, the bill clarifies that the oversight committee will ensure that the Office's functions do not duplicate those of the Senate and House Appropriations Committees. The bill also updates statutory references and language, including changing the reference from "this act" to "Section 8011 et seq. of this title" in multiple instances.

Furthermore, the bill establishes a new division within the Legislative Office of Fiscal Transparency dedicated to reviewing the Oklahoma Administrative Code and proposed administrative rules of state agencies. This division will evaluate whether proposed rules align with the Oklahoma Constitution, fulfill legislative intent, and assess their potential negative impacts. The division is authorized to employ up to five full-time employees and is required to issue reports summarizing its evaluations and recommendations. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.