This bill introduces new requirements for vendors submitting competitive bids for acquisitions under the Oklahoma Central Purchasing Act. Specifically, it mandates that vendors provide a written verification agreeing to submit an annual affidavit to the Office of Management and Enterprise Services (OMES) disclosing any financial improprieties involving their executives, officers, directors, or investors. The first affidavit must accompany the bid, with subsequent affidavits due annually on January 1. Additionally, the bill allows OMES to conduct an annual review of a vendor's financial information if deemed necessary.

Furthermore, if any affidavit reveals financial impropriety, OMES is required to conduct a comprehensive review of the vendor's financial practices and compliance with state regulations. The bill defines "financial impropriety" to include a range of dishonest or unethical activities that could result in financial loss, such as fraud, corruption, and embezzlement. The act is set to take effect on November 1, 2025.