The bill establishes the Florida Museum of Black History Board of Directors, as outlined in the newly created section 267.07221 of the Florida Statutes. The board will oversee the commission, construction, operation, and administration of the museum, which is designated to be located in St. Johns County. The board will consist of various members appointed by the Governor, the President of the Senate, and the Speaker of the House of Representatives, with specific provisions that prohibit certain members from holding state or local elective office while serving on the board. Appointments must be completed by July 31, 2025, and any vacancies will be filled in the same manner as the initial appointments.

Additionally, the board is required to collaborate with the Foundation for the Museum of Black History, Inc., a nonprofit organization aimed at supporting the museum's creation. The St. Johns County Board of County Commissioners will provide administrative support and staffing to the board until the project's planning, design, and engineering phases are completed. The act is set to take effect on July 1, 2025.