The bill establishes the Renewable Resource Grant and Loan Program, appropriating funds to the Department of Natural Resources and Conservation for various grant categories, including emergency projects, planning, irrigation development, private grants, and nonpoint source pollution reduction. A total of $5.25 million is allocated for specific projects, with a priority system in place to ensure that funds are awarded to higher-ranked projects first. If any grant recipient cannot commence their project by June 30, 2027, they must notify the department, allowing remaining funds to be redirected to lower-ranked projects. The bill also outlines conditions for grant disbursement, including the requirement for a project management plan and compliance with auditing standards.

Additionally, the bill includes provisions to prevent grant recipients from receiving funds from both the reclamation and development grants program and the renewable resource grant and loan program for the same project within the same biennium. It mandates that the Secretary of State notify tribal governments of the act and allows for adjustments to appropriations based on demand or emergencies. The act is set to take effect on July 1, 2025, and includes a severability clause to ensure that if any part of the act is invalidated, the remaining provisions will still be enforceable.