Resolution 1074 proposes an amendment to the Oklahoma Constitution to establish the "Oklahoma Veterans Lottery Trust Fund," which would be funded by proceeds from the Oklahoma Veterans Lottery game. The resolution outlines that the funds from this trust will be exclusively used for veteran-related purposes, including grants to veterans service organizations, individual veterans in need, funding for indigent veteran funerals, and outreach programs. The administration of the trust fund will be overseen by the Oklahoma Veterans Trust Fund Board of Governors, composed of representatives from various veteran organizations and appointed members.

Additionally, the resolution prohibits the Oklahoma Legislature from using the trust fund to replace or supplant existing state funding for veterans. To ensure compliance, the State Board of Equalization will conduct annual examinations of appropriations from the trust fund. If it is determined that funds have been supplanted, the Legislature will be required to replenish the trust fund before making any further appropriations. The proposed amendment will be presented to the public for approval or rejection through a ballot measure.