Bill No. 1540 establishes the "Oklahoma Workforce Education Partnership Revolving Fund" within the State Treasury, aimed at supporting the Oklahoma Department of Career and Technology Education. This fund will be a continuous source of financing, not limited by fiscal year constraints, and will include all funds received from legislative appropriations, as well as gifts, donations, and bequests. The Oklahoma Department of Career and Technology Education will utilize these funds to enhance career technology education based on critical occupation data. Expenditures from the fund will be managed through warrants issued by the State Treasurer, following the approval process outlined by law. The provisions of this fund will remain in effect until July 1, 2030.

The bill also specifies that it will take effect on July 1, 2025, and includes an emergency clause, indicating the immediate necessity for the act to be enacted for the preservation of public peace, health, or safety.