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 revenues from various sources, including appropriations, donations, and sales of the stamps, 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, including the selection of artwork and the criteria for contests. It allows the council to retain ownership and production rights for the stamps while ensuring that original artwork is returned to the artists after the process. The council may also distribute funds to qualified entities in the form of grants, with a provision allowing up to fifteen percent of annual revenues to be allocated for promotional and administrative costs associated with the program.