This bill proposes to exempt public trust hospitals from the Oklahoma Open Meeting Act and the Oklahoma Open Records Act under specific circumstances, particularly when they engage in joint ventures or acquire interests in not-for-profit entities. It allows for the confidentiality of certain proprietary information, including marketing plans, financial statements, and trade secrets, which can be discussed in executive sessions if necessary. However, the bill clarifies that budgetary information related to appropriations will remain subject to disclosure.

Additionally, the bill defines "public trust hospital" as any hospital created under specific sections of the Oklahoma Statutes. The new legal language will be codified as Section 3310 of Title 63 and is set to take effect on November 1, 2025.