The bill establishes the Statewide Official Compensation Commission, which will consist of the same members as the Board on Legislative Compensation. This commission is tasked with setting salaries for key elected officials, including the Governor, Lieutenant Governor, Attorney General, and others, ensuring that their salaries are not set below the amounts in effect as of January 1, 2025. The commission is authorized to meet only on the same dates as the Board on Legislative Compensation and is prohibited from modifying salary amounts in violation of the Oklahoma Constitution.

Additionally, the bill amends existing law regarding the salaries of state officials, specifying that the current salary provisions will remain in effect until the Statewide Official Compensation Commission modifies them. The new legal language clarifies that the commission's decisions will supersede the existing salary provisions once they are enacted. The bill also repeals the previous salary provisions outlined in 74 O.S. 2021, Section 250.4, and sets effective dates for the new commission and salary provisions to begin on November 1, 2025, with the repeal taking effect on January 31, 2030.

Statutes affected:
House Committee Substitute: 74-250.4, 74-4., 74-2025., 74-5.
Floor (House): 74-250.4, 74-4., 74-2025., 74-5.
Floor (Senate): 74-250.4, 74-4., 74-2025., 74-5.
Engrossed: 74-250.4, 74-4., 74-2025., 74-5.
Enrolled (final version): 74-250.4, 74-4., 74-2025., 74-5.