The proposed legislation establishes the "Budget and Finance Act of 2025," which is a new section of law that will not be codified in the Oklahoma Statutes. This act aims to provide a framework for public finance in the state, although specific details regarding its provisions are not included in the text provided.

The act is set to take effect on November 1, 2025, marking a significant date for its implementation. There are no insertions or deletions from current law noted in the text, indicating that this act introduces a new legal framework rather than modifying existing statutes.