This bill mandates an annual appropriation of up to $200,000 from the General Fund to the Department of Military and Veterans Affairs (DMVA) specifically for the preservation of military installations in response to potential federal actions regarding base realignment and closure. It establishes a competitive contracting process for any agreements with lobbyists or governmental affairs agents, which must be awarded every two years in accordance with existing procurement laws.

Additionally, the bill requires the DMVA to submit a detailed annual report by July 15th, outlining all expenditures made from the appropriated funds during the previous fiscal year. This report must include receipts for significant purchases, the names and addresses of recipients, and a brief description of the items or services acquired. The report will be made available to the public and posted on the DMVA's website, ensuring transparency in the use of the allocated funds.