The bill amends Oklahoma's education law to establish a statewide student information system, changing its designation from "student record" to "student information" system. It requires the State Board of Education to issue a request for proposals for the system's selection by November 1, 2025, and mandates that school districts begin using the system by July 1, 2027. The bill outlines compliance requirements, including adherence to XML standards and the Schools Interoperability Framework (SIF) version 4.3. Additionally, it updates statutory language to be gender-neutral and stipulates that non-compliant school districts will forfeit their State Aid, while also modifying the calculation of per pupil revenue in the State Aid Formula.

Moreover, the bill adjusts the percentage of county levy proceeds allocated to school districts to seventy-five percent (75%) and introduces a requirement for the State Department of Education to implement the student information system for reporting enrollment data and managing educational programs. It establishes penalties for districts with excessive carryover funds and mandates monthly financial reporting to the State Department of Education. The bill is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.