Nondisclosure agreements; prohibiting state and local government entities from entering certain agreements. Effective date.

SB 1215 prohibits Oklahoma state government entities and public trusts from entering agreements that restrict disclosure of payment terms or benefits provided to for-profit businesses. The bill blocks clauses preventing state entities from sharing details like tax credits, grants, or payments, as well as business costs (labor, inputs), profit margins, or trade secrets related to these agreements. It directly affects state agencies, local governments, and public trusts when awarding incentives or contracts to private businesses. The law takes effect on November 1, 2026, ensuring transparency around public funds used to support private enterprises.