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. A new section, 57-829, is added to Chapter 8, Title 57 of the Idaho Code, which outlines the creation of the fund, its purpose, and the management structure. The fund will consist of appropriated amounts from the 2024 legislative session, as well as gifts, grants, and donations. The state treasurer is tasked with investing the fund's idle moneys, with any unobligated funds being transferred to the general fund by June 30, 2027.

The America250 Advisory Committee will consist of seven members, including the director of the state historical society, the state treasurer, and appointees from the governor and legislative council. This committee will oversee the distribution of funds from the commemoration fund and is required to meet at least annually. Additionally, the bill includes provisions for the approval of spending authority for state entities that lack sufficient funds to comply with the committee's directives. The provisions of this act will become void after July 1, 2027, and it is declared to be an emergency measure, taking effect immediately upon passage and approval.