Public finance; nondisclosure agreements; legal entities; effective date.

HB 1068 prohibits Oklahoma state government entities and public trusts (benefiting the state) from signing agreements with businesses that block disclosure of payment terms for state-funded incentives, grants, or tax credits. It directly affects state agencies, local governments, and businesses receiving state funds by requiring transparency about how public money is used. The bill allows exceptions for genuine business secrets like trade secrets, input costs, labor expenses, or profit margins provided by the business itself. The law takes effect November 1, 2025, and aims to ensure public visibility into state financial transactions with private entities.