This bill proposes an appropriation of $1,100,000 from the general fund of the state treasury to the state historical society for a historic theater restoration grant program. The funding is designated for a grant to an organization focused on restoring a historic theater located in a city with a population exceeding 100,000. The appropriation is intended for the biennium from July 1, 2025, to June 30, 2027.

Additionally, the bill stipulates a matching funds requirement, where the state historical society can only utilize the allocated funds if the organization has secured one dollar in matching funds for every two dollars received from nonstate sources. This ensures that the grant program encourages additional financial support from private or local entities, reinforcing the commitment to the restoration of historic theaters. The funding is classified as a one-time funding item, indicating that it is not intended to be a recurring expense.