The bill establishes a new framework for the collection and distribution of fees related to wire transmissions, specifically targeting money transfers to and from international locations. It mandates that a fee of five dollars be collected for each wire transmission of $500 or less, with an additional two percent fee for amounts exceeding $500. The collected fees will be remitted quarterly to the Department of Revenue, which will allocate the funds to various programs: ten percent to combat human trafficking, twenty percent to a new school security grant program, and seventy percent to a new prison infrastructure account. The bill also outlines enforcement measures for compliance and potential penalties for non-compliance.

Additionally, the bill creates a school security grant program aimed at assisting school districts with costs related to safety infrastructure and personnel, such as security cameras, metal detectors, and school resource officers. The program will be administered by the Department of Education, which will establish rules for grant applications and eligibility. A dedicated fund for the program will be created, ensuring that appropriated moneys remain available for future fiscal years. The bill includes a contingent effective date for certain provisions, which will take effect if another specified act is enacted.