This bill establishes the Florida Museum of History at the Town of Eatonville by creating a new section in the Florida Statutes, specifically section 265.0065. It authorizes a partnership between the Department of State, the Orange County Commission, the Orange County public school system, and the University of Central Florida to design, construct, operate, and manage the museum. The bill outlines specific requirements for the museum, including a minimum of 100,000 square feet of exhibition space, a performing arts center, and various facilities for events and archival storage. An advisory board of experts will be appointed to guide the museum's design and operations, and the governing board will be responsible for ensuring that a significant portion of the exhibition space is dedicated to Florida's history and cultural contributions.

Additionally, the bill mandates the development of a marketing plan to promote the museum and specifies funding mechanisms, including state legislative appropriations of up to $75 million, matched by local and philanthropic funds. It also requires the establishment of an endowment to support the museum's collections and operations. The governing board is tasked with creating a transition plan for the museum to achieve financial self-sufficiency and will oversee the appointment of an operating board of directors to manage day-to-day operations. The act is set to take effect on July 1, 2025.