This bill establishes the McCook Lake contingency fund within the state treasury, which will consist of all designated moneys for the fund. The fund is intended to support grants for the cleanup and restoration of McCook Lake, including necessary infrastructure improvements such as the replacement of pipes in the pumping system and flood mitigation planning. The state treasurer is tasked with administering the fund, and any interest accrued will remain within it.

Additionally, the bill mandates the transfer of $1 from the general fund to the newly created McCook Lake contingency fund. The provisions of this Act will take effect on June 30, 2025.