The bill amends existing legislation regarding the Oklahoma Route 66 Commission by removing its expiration date, thereby allowing the Commission to continue indefinitely. It also modifies the Oklahoma Route 66 Commission Revolving Fund by changing the conditions under which funds can be budgeted and expended. Specifically, the bill eliminates the previous requirement that no funds could be budgeted or expended prior to July 1, 2023, and instead establishes that funds will be budgeted in accordance with rules adopted by the Commission.

Additionally, the bill outlines the structure and appointment process for the Commission's members, which includes representatives from various sectors, such as government, tourism, and historic preservation. The Commission is tasked with preserving and developing Route 66 and commemorating its centennial, with the authority to create permanent rules for funding applications and project management. The act is set to take effect on November 1, 2025.