The bill extends the deadline for The Kane-Barrengos Foundation to file required reports for the years 1998 through 2025. Specifically, the new legal language inserted into the current law states that the foundation must file these reports by December 31, 2025, and pay the necessary filing fees to the Secretary of State. Additionally, the foundation must pay a sum determined by the Attorney General as a compromise for any penalties incurred due to the failure to file these reports. If these conditions are met, the forfeiture or revocation of the foundation's charter will be vacated, allowing it to regain all privileges, benefits, and powers as if no forfeiture had occurred.

The bill also includes a provision that it will take effect upon passage. There are no deletions from current law mentioned in the text provided.