Bill No. 1738 aims 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. The bill allows for the confidentiality of certain information, including marketing plans, financial statements, and trade secrets, which can be discussed in executive sessions if necessary. However, it explicitly states that budgetary information related to appropriations will remain accessible and is not subject to these exemptions.

The bill defines "public trust hospital" as any hospital established under specific sections of the Oklahoma Statutes and includes provisions for codification. If enacted, the law will take effect on November 1, 2025.