The bill provides a limited exemption from applicable building codes for certain nonprofit veterans' organizations that acquire state armory buildings under specific conditions. It defines a "nonprofit veterans' organization" as one that is tax-exempt under 26 U.S.C. § 501(c)(3) and primarily supports veterans, active duty servicemembers, and their dependents. The exemption allows these organizations to bypass compliance with state or local building codes for a period of at least 10 years, provided they acquire the building through a reversionary clause in the deed and intend to use it to further their mission.

The act will take effect on the first day of the third month following its passage and approval by the Governor. The bill includes the insertion of the term "Enrolled" at the beginning and specifies the date of Senate passage as May 2, 2023. There are no deletions from current law noted in the text provided.