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 money from various sources, including appropriations, program revenues, and donations, and will be used exclusively for the council's programs and purposes.

Additionally, the bill specifies that the council will oversee the annual creation of the stamps and prints, including the selection of artwork and the criteria for contests. It allows the council to sell the stamps through various methods, with a minimum price set at fifteen dollars. The council is also permitted to allocate up to fifteen percent of the annual revenues for promotional and administrative costs associated with the program. The legislation includes provisions for maintaining financial records and requires the state treasurer to report on the fund's balance quarterly.