This bill establishes a new requirement for public school districts in Oklahoma to report all state-appropriated spending using a specific data code as part of the Oklahoma Cost Accounting System. Starting with the 2026-2027 school year, each district must utilize this data code, which will be adopted by the State Board of Education, to ensure accurate reporting of expenditures related to state funding. The bill explicitly prohibits the use of this data code for any expenditures not funded by state appropriations.

Additionally, the bill includes provisions for codification and sets an effective date of July 1, 2026. It also declares an emergency, allowing the act to take effect immediately upon passage and approval to ensure timely implementation of these reporting requirements.