The bill enacts new provisions under R.S. 46:122 to expand the Louisiana Military Family Assistance Fund's authorized expenditures. Specifically, it allows the fund to cover burial fees for deceased indigent veterans and their spouses, as well as expenses for eligible beneficiaries under R.S. 29:288. The definition of "indigent" is clarified to include individuals receiving public assistance or earning below 200% of the Federal Poverty Guideline prior to their death. Additionally, the Louisiana Military Family Assistance Board is granted the authority to issue annual grants to tax-exempt organizations that have been operational for at least three years, focusing on improving the education, mental health, or housing needs of veterans and their families.

The bill outlines specific requirements for grant applications, including the necessity for a detailed proposal and budget, and restricts the use of grant funds to the approved project. Grantees must submit a final report on expenditures and retain financial records for four years. Any unspent grant funds must be repaid within thirty days of the final report submission. Furthermore, grantees will be subject to audits by the Military Family Assistance Board and the legislative auditor to ensure compliance with the grant's intended purpose.