Resolution 1058, introduced by Osburn, proposes an amendment to Section 10 of Article X of the Oklahoma Constitution, which would allow school districts to expand the use of their building fund to include operational expenses. Currently, the building fund can only be used for constructing, remodeling, or repairing school buildings and purchasing furniture. The resolution mandates that any increase in the ad valorem tax rate, up to five mills, must be approved by a majority of voters in the respective school district.

If approved, the amendment would enable school districts to make the ad valorem levy for the building and operations fund permanent, contingent upon voter approval. The resolution also includes a ballot title that outlines the proposed changes and asks voters whether they support the amendment. The Chief Clerk of the House is tasked with filing the resolution and ballot title with the Secretary of State and the Attorney General following its passage.