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 act 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 $15 per month of service, up to a maximum of $450. The act 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 within the state treasury, with provisions for the state treasurer to manage its assets. The act appropriates up to $1,000,000 from the general fund for administrative expenses related to the program. Additionally, it sets a deadline of five years for veterans or their beneficiaries to apply for benefits and authorizes the state to accept federal assistance for the program if available.