H.B. No. 137 is a legislative proposal aimed at repealing 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. The bill seeks to eliminate the current budget framework, effectively nullifying the financial allocations and provisions set forth in that act.

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 force on the 91st day following the conclusion of the legislative session.