House Bill No. 2777 establishes appropriations to the Oklahoma Opioid Abatement Revolving Fund, which is created under Section 30.6 of Title 74 of the Oklahoma Statutes. The bill allocates a total of Twenty Million Dollars ($20,000,000.00) from the Opioid Lawsuit Settlement Fund (Fund 383) of the State Treasury for the fund's budget and expenditures. Additionally, it specifies an appropriation of One Million Two Hundred Fifty-three Thousand Six Hundred Fifty-eight Dollars ($1,253,658.00) to be distributed to non-litigating subdivisions.

The act is set to take effect on July 1, 2025, and includes a declaration of emergency, indicating the immediate necessity for the bill's implementation for the preservation of public peace, health, or safety. The bill was passed by the House of Representatives on May 20, 2025.