The bill establishes the Historic Cemeteries Trust Fund within the Division of Historical Resources of the Department of State. The purpose of this trust fund is to serve as a financial resource for the long-term maintenance and upkeep of cemeteries that are part of the Historic Cemeteries Program. It mandates that funds be deposited into the trust and disbursed according to existing provisions, ensuring that any remaining balance at the end of the fiscal year stays in the fund for its intended purposes.

Additionally, the bill outlines that the trust fund will be subject to review and may be terminated or re-created by July 1, 2030, unless it is terminated sooner. The act will take effect contingent upon the passage of related legislation, specifically SB 34 or similar bills, within the same legislative session or an extension thereof.