The "Vietnam Veteran Era Bonus Extension Act" aims to provide financial bonuses to veterans who served in the Armed Forces during the Vietnam era, as well as to their beneficiaries. The bill defines key terms such as "beneficiary," "combat veteran," and "honorable service," and establishes eligibility criteria for veterans to receive bonuses based on their service. Specifically, combat veterans are entitled to a one-time bonus of $600, while non-combat veterans can receive up to $450 based on their months of service. The bill also allows beneficiaries of deceased or missing veterans to claim these bonuses.

To facilitate the implementation of this act, the Vietnam Veteran Era Bonus Extension Fund is created, which will be managed by the Department of Military and Veterans Affairs. The fund will receive deposits from various sources and will be used exclusively for administering the act and awarding bonuses. The bill appropriates up to $1,000,000 from the general fund for administrative expenses and sets a deadline of five years for veterans or their beneficiaries to apply for benefits. Additionally, the act allows the state to accept federal financial assistance related to the bonuses.