This bill designates a portion of State Highway Route 35 in Laurence Harbor as the "James Francisco and Walter Schmidt Memorial Roadway" to honor the service and sacrifice of two local veterans, James Leonard Francisco and Walter James Schmidt, who were killed in action during the Vietnam War. The bill outlines the historical significance of both individuals, highlighting their military service and the honors they received, including the Purple Heart and Silver Star.

Additionally, the bill stipulates that no state or public funds will be used for the production, purchase, or erection of the memorial signs. Instead, the Commissioner of Transportation is authorized to accept financial assistance from private sources to cover these costs. The implementation of the bill is contingent upon reaching an agreement with a responsible party to fund the associated expenses for the signs.