The bill designates the giant beaver, scientifically known as Castoroides ohioensis, as the official state fossil of Minnesota. This designation is formalized in a new section of the Minnesota Statutes, specifically chapter 1, under the newly inserted legal language.

Additionally, the bill mandates that a photograph of the giant beaver, which must be approved by the commissioner of natural resources, be preserved and made available for display in the Office of the Secretary of State. This provision aims to promote awareness and appreciation of Minnesota's natural history.