This bill amends the Bond Transparency Act of 2017, specifically 62 O.S. 2021, Section 896.1, to enhance transparency regarding debt obligations issued by local government entities. It mandates that at least thirty days after a bond vote approval, the governing board must publish detailed information about the projects funded by the bonds, any outstanding bonds, and the use of previous bond proceeds on their website. If a local government entity lacks a website, they must provide this information through alternative online methods or publish it in a local newspaper.

Additionally, the bill expands the applicability of these provisions to include obligations issued by trusts for the benefit of local government entities, ensuring that the proceeds are used for projects as described in the bill. It also introduces a compliance requirement, stating that any local government entity that fails to adhere to these provisions will be prohibited from issuing bonds or other obligations until compliance is achieved. The effective date for this act is set for November 1, 2025.