House Bill No. 2795 amends Section 4258.1 of Title 74 of the Oklahoma Statutes, which pertains to the Political Subdivisions Enforcement Fund managed by the Ethics Commission. The bill increases the fund cap from $150,000 to $450,000, allowing the Commission to retain more funds for enforcement activities related to campaign finance and financial disclosure laws. Additionally, it stipulates that if the fund's balance falls below $100,000, the Executive Director of the Commission may halt further enforcement actions until the balance is restored above that threshold.

The bill also declares an emergency, indicating that it is necessary for the immediate preservation of public peace, health, or safety, and thus will take effect immediately upon passage and approval. This legislative change aims to enhance the operational capacity of the Ethics Commission by ensuring a more substantial financial reserve for its enforcement division.