This bill amends Section 213 of Title 74 of the Oklahoma Statutes, which pertains to the duties of the State Auditor and Inspector regarding the examination of public institutions. A significant addition to the law is the requirement for the State Auditor and Inspector to conduct a special audit of the Oklahoma Turnpike Authority by December 1, 2023. The audit will assess various financial aspects, including the revenue needed for the Authority to repay the original costs of existing turnpikes, the timeline for generating these funds, and an evaluation of the agency's risk and performance audit objectives. Additionally, the audit will review the maintenance reserve fund's financial history and the impact of cost overruns from the recent Driving Forward Program.

The bill also mandates that the State Auditor and Inspector provide a written report of the special audit to several key stakeholders, including the Governor and legislative leaders. The act is set to take effect on November 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval, emphasizing the urgency of the audit for public safety and financial transparency.