The bill amends Section 2276.1 of the Oklahoma State Park Trust Fund, which establishes a trust fund managed by the Oklahoma Tourism and Recreation Commission. Key changes include the authorization for the Commission to utilize five percent of the trust fund's principal annually for various purposes, such as protecting state park lands and preserving historic properties. Additionally, the bill allows for the construction and maintenance of a lodge and associated facilities at Lake Murray State Park, with a new provision permitting the use of up to $5 million from the trust fund for this purpose between July 1, 2025, and June 30, 2030.

The bill also updates the terminology from "Trust Fund" to "trust fund" throughout the text and clarifies that the principal of the trust fund will consist of various revenue sources, including mineral lease payments and appropriations from the Legislature. It emphasizes that income and investment returns from the trust fund will be used solely for the purposes outlined in the bill, excluding administrative expenses. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.