The proposed legislation establishes the Louisiana Commemorative Pet Stamp Program, which aims to generate revenue to support spay and neuter initiatives under the Louisiana Pet Overpopulation Advisory Council. The bill outlines the creation of commemorative pet stamps and prints, detailing the design, marketing, and sale processes, as well as the establishment of the Commemorative Pet Stamp Fund. This fund will receive various sources of revenue, including appropriations, donations, and proceeds from the sale of stamps, and will be used exclusively for the council's programs and purposes.

Key provisions include the council's authority to regulate the annual creation of stamps, the criteria for selecting artwork, and the stipulation that the cost of each stamp will be no less than fifteen dollars. Additionally, the council may distribute funds to qualified entities in the form of grants and can allocate up to fifteen percent of annual revenues for promotional and administrative costs. The bill also mandates that the state treasurer provide quarterly reports on the fund's balance to the council.