The bill appropriates $6,229,375 from the historic preservation grant program account to the Department of Commerce for various historic preservation projects during the biennium starting July 1, 2025. It outlines a list of authorized projects and their respective grant amounts, prioritizing funding based on the order of the projects listed. The bill also establishes conditions for grant disbursement, including the requirement for grant recipients to document matching funds, have an approved project management plan, and comply with auditing and reporting requirements. If grant recipients do not meet specific conditions by September 30, 2026, their obligations may cease, and funds will revert to the grant program account.

Additionally, the bill includes provisions for the disbursement of funds on a reimbursement basis, stipulates that grant recipients are responsible for any cost overruns beyond the grant amount, and mandates that the Department of Commerce may reduce grant amounts if actual expenses are lower than projected. It also requires notification to tribal governments regarding the act and specifies that the act will take effect on July 1, 2025.