The bill introduces the "State Finance Modernization and Transparency Act of 2026," which aims to enhance public finance practices in Oklahoma. It establishes a new section of law that is not intended to be codified in the Oklahoma Statutes, thereby creating a distinct framework for financial transparency and modernization within the state's financial operations.

Additionally, the bill specifies that it will take effect on November 1, 2026, marking a future implementation date for the provisions outlined in the act. This timeline allows for necessary preparations and adjustments to be made in anticipation of the new financial regulations.