House Bill No. 2766 establishes the general appropriations for various state agencies, authorities, and programs for the fiscal year ending June 30, 2026. The bill outlines significant funding allocations from multiple sources, including the General Revenue Fund and the Oklahoma Education Lottery Trust Fund, with a notable emphasis on education. Key appropriations include $1,651,460,413 to the State Board of Education for public schools, along with additional funds for health benefits, textbooks, and teacher compensation. The bill also provides for transfers to the Teachers' Retirement System and other educational initiatives, while ensuring that various state entities, such as the Oklahoma Board of Private Vocational Schools and the Health Care Workforce Training Commission, receive necessary financial support.

In addition to education, the bill allocates funds to a range of state departments and programs, including $610,000,000 for the Department of Transportation and $278.1 million for the Department of Mental Health and Substance Abuse Services. It also includes provisions for transferring funds to various revolving funds, such as $5.9 million to the North Canadian Watershed Restoration Revolving Fund. The bill emphasizes the importance of funding for mental health services, public safety, and infrastructure, reflecting a comprehensive approach to state budgeting. The provisions outlined in this act are set to become effective on July 1, 2025, ensuring that the appropriations align with the legal obligations of each agency.