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 new Section 57-829 of the Idaho Code outlines the creation of the fund, which will be financed through legislative appropriations, gifts, grants, and donations. The fund's expenditures will be managed by the America250 Advisory Committee, composed of seven members, including the director of the state historical society and the state treasurer, among others. The committee will meet at least annually to oversee the distribution of funds and ensure proper tracking of revenues and expenditures.

Additionally, the bill includes a sunset provision, stating that the provisions will become null and void after July 1, 2027. It also declares an emergency, allowing the act to take effect immediately upon passage and approval. The state treasurer is tasked with investing the fund's idle moneys, with any remaining unobligated funds being transferred to the general fund after the sunset date.