This bill mandates the Oklahoma Turnpike Authority to create and submit a comprehensive plan for its orderly dissolution and disbandment by December 31, 2027. The plan must address the liquidation of assets, transfer of turnpike infrastructure to the Department of Transportation, application of surplus funds to retire outstanding debts, and include a detailed cost-benefit analysis of the dissolution. If the Authority fails to submit the plan on time or if it is deemed inadequate by the Legislature, it will face restrictions on issuing new bonds, increasing toll rates, or starting new construction projects. Additionally, the Authority will incur a civil penalty of $1,000 per day until compliance is achieved, with the Attorney General authorized to enforce this provision.

The bill also includes a provision for codification and establishes an effective date of July 1, 2026. An emergency clause is included, allowing the act to take effect immediately upon passage and approval, emphasizing the urgency of the measures outlined in the bill.