The bill amends Section 1 of Chapter 425 of the Oklahoma Statutes to modify the Oklahoma Museum of Popular Culture Supplemental Revolving Fund. It establishes that the fund will continue to receive all appropriated monies from the Legislature, which will be used for various expenditures related to the museum, including repairs, planning, and construction. A key change in the bill is the requirement that expenditures from the fund can only occur once the State Treasurer confirms that local and county governments, the federal government, or enforceable pledges for monetary donations have contributed a total of $18 million for the museum's improvements.

Additionally, the bill specifies that funds collected prior to May 25, 2021, will not count towards this $18 million requirement. If the State Treasurer does not authorize expenditures from the fund by November 15, 2025, any unencumbered funds will be transferred to the General Revenue Fund of the State Treasury for the fiscal year ending June 30, 2024. This amendment aims to ensure that sufficient financial backing is secured before utilizing state funds for the museum's development.