This bill establishes a new section in the Oklahoma Statutes that defines "universal basic income" and prohibits the state and its political subdivisions from providing such income. Universal basic income is defined as any welfare program that offers a recurring government transfer payment to all residents or citizens, or all adult residents or citizens within a specific area, without requiring a means test or work requirement.

The bill explicitly states that no universal basic income shall be provided by the state or any political subdivision, thereby preventing the implementation of such welfare programs. The act is set to take effect on November 1, 2025.