The bill establishes the "Perinatal Quality Improvement Revolving Fund" within the State Treasury, aimed at enhancing perinatal health outcomes in Oklahoma. This fund will be a continuous source of financing, not limited by fiscal year constraints, and will include funds from state appropriations, federal sources, donations, grants, and contributions from both public and private entities. The State Department of Health will utilize these funds to collaborate with various research initiatives to reduce preventable morbidity and mortality rates among newborns, infants, and mothers, as well as to improve overall maternal safety and health outcomes.

The bill also includes provisions for the management of the fund, stating that expenditures will be made through warrants issued by the State Treasurer, following the approval of claims by the Director of the Office of Management and Enterprise Services. The act is set to take effect on July 1, 2026, and includes an emergency clause, allowing it to be enacted immediately upon passage and approval to ensure the timely improvement of public health related to perinatal care.