House Bill No. 1089 amends Section 267 of Title 3A of the Oklahoma Statutes, which pertains to horse racing. The bill clarifies the roles of official representatives for Thoroughbred and non-Thoroughbred horsemen during live race meets conducted by organization licensees. It mandates that organization licensees negotiate and covenant with these representatives regarding various aspects of race meetings, including the distribution of commissions and purses, off-track wagering, and welfare matters for participants. Additionally, it establishes a process for horsemen to opt out of representation and outlines the conditions under which an election may be held to designate an alternate representative organization if a majority of horsemen choose to exclude themselves.

Furthermore, the bill requires official horsemen's representative organizations and any breed organizations receiving funding to provide the Oklahoma Horse Racing Commission with an annual financial accounting of funds received. It also stipulates that the official horsemen's representative organization will manage a benevolence program for participants in live race meetings, with financial guidelines subject to Commission approval. The act is set to take effect on November 1, 2025.