This bill amends various sections of the Oklahoma statutes concerning campaign finance and financial disclosure for municipalities, counties, school districts, and technology center districts. It mandates that all campaign committees and political committees file their statements of organization and reports of contributions and expenditures with the Ethics Commission instead of local clerks. Additionally, it clarifies that statements of financial interests must also be submitted to the Ethics Commission, which will maintain these documents as public records for four years and may post them on its website for public access. The bill also updates definitions and citation references, emphasizing the Ethics Commission's role in enforcing compliance and handling complaints related to late filings and penalties.

Furthermore, the bill renames the relevant provisions to the "Technology Center District and Independent School District Campaign Finance and Financial Disclosure Act" and establishes definitions for key terms used within the act. It requires candidates for school district office to file statements of financial interests with the Ethics Commission and outlines enforcement mechanisms, including penalties for late filings and the process for contesting such penalties. The bill is set to take effect on July 1, 2025, with an emergency clause for immediate implementation upon passage and approval.