The bill establishes the Kansas Railroad Hall of Fame to honor the significant contributions of individuals in the railroad industry and to celebrate Kansas's rich railroad heritage. The Hall of Fame will be located at the Great Plains Transportation Museum in Wichita, which is deemed an appropriate site due to its focus on transportation. The management of the Hall of Fame will be overseen by a newly formed Kansas Railroad Hall of Fame Selection Committee, which will be responsible for selecting inductees and organizing annual induction ceremonies.

The Selection Committee will consist of various members, including the executive directors of the Great Plains Transportation Museum and the State Historical Society, as well as appointees from the governor representing the railroad industry and the public. The committee will have the authority to nominate candidates for induction based on their contributions to the railroad industry in Kansas. Additionally, the committee will be responsible for maintaining a public display of inductees' achievements and may accept donations to support the Hall of Fame's activities. The bill outlines the structure, powers, and responsibilities of the committee, ensuring transparency and public engagement in its operations.