The bill establishes the "Olympics in Oklahoma Revolving Fund" within the State Treasury, specifically for the Oklahoma Department of Commerce. This fund will be a continuous source of financing, not limited by fiscal year constraints, and will include all funds received from appropriations, donations, grants, and other sources aimed at supporting the hosting of the 2028 Olympic Games. Expenditures from this fund will require approval from the Director of the Office of Management and Enterprise Services and will be processed through warrants issued by the State Treasurer.

Additionally, the bill mandates that at least five percent of all funds disbursed from the Olympics in Oklahoma Revolving Fund must be allocated to contracts fulfilled by businesses based in Oklahoma, contingent upon approval from the Oklahoma Department of Commerce. The act is set to take effect on July 1, 2026, and includes an emergency clause to ensure its immediate implementation upon passage and approval.