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 summary.

Additionally, the act specifies that it will take effect on November 1, 2025. There are no deletions from current law mentioned in this bill, indicating that it introduces new legal language without altering existing statutes.