This bill establishes the State Capitol Arch Memorial Statue Revolving Fund within the State Treasury, specifically for the Office of Management and Enterprise Services (OMES). The fund will be a continuous source of financing, not limited by fiscal year constraints, and will consist of private donations, gifts, grants, and other private funding aimed at installing veteran memorial statues around the State Capitol Arch. All funds received will be appropriated for this purpose and can be budgeted and expended by OMES, with expenditures made through warrants issued by the State Treasurer.

The bill also includes provisions for codification and sets an effective date of July 1, 2025. Additionally, it declares an emergency, allowing the act to take effect immediately upon passage and approval, emphasizing the urgency of the initiative for the public's peace, health, or safety.