The bill establishes the "Municipal Audits Act of 2025," which is a new piece of legislation aimed at regulating municipal audits in the state of Oklahoma. It introduces a new section of law that will not be codified in the Oklahoma Statutes, indicating that it will exist as a standalone act rather than being integrated into existing legal frameworks.

Additionally, the bill specifies that it will take effect on November 1, 2025. There are no insertions or deletions of existing legal language noted in the text provided.