This bill establishes a new section in the Oklahoma Statutes that prohibits state government entities and public trusts from entering into nondisclosure agreements that would prevent them from disclosing the terms of agreements involving payments or benefits provided to entities using state taxes. Specifically, it aims to ensure transparency regarding the use of public funds in such agreements. However, the bill includes a provision that allows state entities to withhold proprietary information from disclosure, such as trade secrets, labor costs, and profit margins, if this information is provided by for-profit business entities.

The effective date for this legislation is set for November 1, 2026. The bill emphasizes the importance of transparency in government dealings while also recognizing the need to protect sensitive business information.