This bill addresses the appropriation of funds related to the America250 Commemoration Fund and makes adjustments to the budget for the Idaho State Historical Society for fiscal year 2025. Specifically, it reduces the appropriation to the Idaho State Historical Society by $821,200 for operating expenditures from the General Fund. In contrast, it appropriates the same amount, $821,200, to the State Treasurer from the America250 Commemoration Fund for operating expenditures during the same fiscal period. Additionally, the bill mandates a transfer of $821,200 from the General Fund to the America250 Commemoration Fund.

Furthermore, the bill establishes reappropriation authority, allowing any unexpended and unencumbered balances from the America250 Commemoration Fund for fiscal year 2025 to be reappropriated for the period of July 1, 2025, through June 30, 2026. The Office of the State Controller is tasked with confirming the reappropriation amounts with the Legislative Services Office. The bill declares an emergency, making the provisions in Sections 1 through 3 effective immediately upon passage and approval, while Section 4 will take effect on July 1, 2025.