The bill introduces the "Events Trust Fund Act of 2026," which is a new piece of legislation aimed at promoting economic development in Oklahoma. It establishes a framework for the creation of an Events Trust Fund, although specific details regarding the fund's operations and funding mechanisms are not provided in the text.

Additionally, the bill specifies that it will take effect on November 1, 2026. This timeline allows for preparation and implementation of the provisions outlined in the act, which is intended to support events that can stimulate local economies.