This bill establishes the South Dakota Ellsworth Development Authority support fund, which will be created in the state treasury and will consist of all contractor's excise tax collections related to the Ellsworth Air Force Base. The fund will be administered by the authority, which is responsible for awarding grants as necessary to fulfill the fund's objectives. Additionally, the authority is required to report annually to a designated special committee, detailing the recipients of grants, the purposes of those grants, and how they will support the mission of Ellsworth Air Force Base.

Furthermore, the bill mandates that the excise tax collected from projects on the Ellsworth Air Force Base be deposited into this newly created fund. The funds will be continuously appropriated, with a cap of one hundred dollars, to mitigate the impacts of the base's mission expansion and to support the troops stationed there. The bill aims to ensure that financial resources are allocated effectively to support the base and its operations.