The bill amends the powers, duties, and responsibilities of the Oklahoma Workforce Commission, expanding its role in workforce development. Key changes include the authorization for the Commission to develop and implement programs addressing workforce needs, particularly in high-demand occupations, and to create the Oklahoma Workforce Commission Revolving Fund. This fund will consist of various sources of revenue, including appropriations and donations, and will be used to support the Commission's activities. The bill also updates statutory references and language to reflect these changes.

Additionally, the bill outlines specific programs the Commission will implement, such as developing work-based learning opportunities and fostering innovation in public schools to support workforce success. The Commission is tasked with collecting relevant data to guide funding decisions and improve workforce development programs. The new legal language emphasizes the Commission's role as a centralized data repository for workforce activities in the state, ensuring collaboration with various educational and governmental entities.