This bill amends various sections of the Oklahoma statutes related to school district transparency and bond elections. It requires school districts to post the percentage of total expenditures allocated to instructional expenses on their websites, specifically on the home page. The bill defines "instructional expenditures" based on criteria from the National Center for Education Statistics and excludes administrative services and materials for administrative staff from this definition. Additionally, the bill mandates that school districts include this percentage in any bond proposal and bond guarantee application, ensuring that voters are informed about how funds are allocated before approving bond measures.

The bill also clarifies that the requirements for posting instructional expenditure percentages do not apply to bond projects approved prior to November 1, 2023. It establishes that the State Department of Education must make school district expenditure data available in an accessible format, and it emphasizes the importance of transparency in school funding. The act is set to take effect on July 1, 2026, but includes an emergency clause for immediate implementation upon passage and approval.