The bill proposes the establishment of the Florida Museum of History at the Town of Eatonville, with a partnership involving the Department of State, the Orange County Commission, the Orange County public school system, and the University of Central Florida. It outlines the museum's requirements, including a minimum of 100,000 square feet of exhibition space, a performing arts center, and facilities for archival storage. An advisory board will be appointed to provide expertise in history, curation, and museum design, and will be responsible for developing design specifications, operational plans, and marketing strategies. The governing board will oversee the museum's construction and management, ensuring that a significant portion of the exhibition space is dedicated to Florida's history and cultural contributions.

Funding for the museum will come from a combination of local and state appropriations, with a maximum of $75 million in state funding matched by local government and philanthropic contributions. The bill also mandates the creation of an endowment to support the museum's collections and operations. The governing board is tasked with developing a marketing plan in collaboration with tourism organizations and ensuring the museum's financial sustainability through various revenue-generating activities. The act is set to take effect on July 1, 2025.