The proposed bill establishes the "Veterans Service Animal Grant Program Act," aimed at providing financial assistance to veterans for obtaining service animals. The program will be administered by the Department of Military and Veterans Affairs, which will be responsible for providing grants to eligible veterans, creating an application process, and setting eligibility criteria. To qualify for a grant, veterans must be diagnosed with post-traumatic stress due to their military service and must be matched with a service animal from a qualified nonprofit organization.

Additionally, the bill creates the Veterans Service Animal Fund within the state treasury, where funds will be deposited and managed by the state treasurer. The department will oversee the fund's administration and ensure that the money is used for awarding grants and managing the program. The bill also allows the department to establish further eligibility standards for veterans seeking grants, ensuring that the program can adapt to meet the needs of those it serves.