This bill establishes the America250 Commemoration Fund and the America250 Advisory Committee in Idaho, aimed at facilitating the state's participation in the celebration of the 250th anniversary of America's founding. The fund will be created within the state treasury and will consist of appropriated amounts from the 2024 legislative session, as well as gifts, grants, and donations. The America250 Advisory Committee, composed of seven members including the director of the state historical society and the state treasurer, will oversee the distribution of funds and ensure that expenditures align with the fund's purpose. The state treasurer will also be responsible for tracking all revenues and expenditures related to the fund.

The bill includes a sunset provision, stating that the provisions will become null and void after July 1, 2027. Additionally, it declares an emergency, allowing the act to take effect immediately upon passage and approval. This framework is designed to ensure that funds are used effectively and that the celebration of America's founding is adequately supported by the state of Idaho.