The bill amends the Rural Economic Action Plan of 1996 by requiring entities that receive funding under specific sections of the Oklahoma Statutes to develop a plan to measure the qualitative effects of their funded projects. This plan may involve public inquiries or surveys to assess the impact of the projects. Additionally, these entities must submit a report to the Oklahoma Department of Commerce by January 1, 2028, detailing the qualitative effects of at least two projects that received funding.

Furthermore, the bill stipulates that any expenditures related to the creation of the required plan and report must be funded using initial planning expenditure payments authorized under a specified section of the Oklahoma Statutes. The act is set to take effect on November 1, 2025.