The bill proposes to update current statutes by appropriating $4,000,000 from the state general fund for the fiscal year 2025-2026. This funding is specifically designated for the department of administration to distribute to the town of Taylor for the purpose of expanding the Taylor rodeo grounds. 
There are no deletions or modifications to existing language in the current law; the bill solely introduces new provisions regarding the appropriation of funds. Thus, the current statute remains unchanged, while the new language outlines the financial support aimed at enhancing local infrastructure related to the rodeo.