The bill, H.B. No. 205, proposes the repeal of the state budget established for the fiscal biennium ending August 31, 2027, specifically targeting Chapter 1185 (S.B. 1) from the 89th Legislature's Regular Session in 2025, which is known as the General Appropriations Act. This legislative action aims to eliminate the current budget framework, potentially allowing for a new budget to be established or for adjustments to be made to state funding priorities.

Additionally, the bill stipulates that it will take effect immediately if it secures a two-thirds majority vote from all elected members in both houses of the legislature. If the necessary votes for immediate effect are not achieved, the bill will come into effect 91 days after the conclusion of the legislative session.