The bill amends Section 549 of Title 57 of the Oklahoma Statutes, which pertains to inmate trust funds and the powers of the State Board of Corrections. Key modifications include the insertion of language clarifying the role of the Construction Division of the Department of Corrections and updating the pay grades for inmates working in this division. Additionally, the bill specifies that inmates serving life sentences without the possibility of parole are exempt from certain provisions regarding the apportionment of wages for mandatory savings. The bill also introduces new language regarding the investment of inmate funds and the distribution of interest to the Crime Victims Compensation Revolving Fund.

Furthermore, the bill removes obsolete language and clarifies the procedures for charging inmates for costs of incarceration, including the percentage of their earnings that can be deducted. It establishes that the Department of Corrections may assess costs against inmates and outlines the rules for managing inmate trust funds. The act is set to take effect on November 1, 2025.