The bill aims to prohibit the use of state funds for any activities related to cell-cultured protein, which includes research, production, promotion, sale, or distribution. It establishes a new section in chapter 39-5 that explicitly states that, with certain exceptions, no state moneys may be allocated for these purposes. The definition of "cell-cultured protein" is provided, describing it as a product intended for human consumption that is derived from cell cultures or the DNA of a host animal and cultivated outside of a live animal.

However, the bill includes specific exemptions for the Board of Regents, its institutions, and state agencies that are involved in regulatory functions under chapter 39-5. This means that while the general prohibition on state funding for cell-cultured protein is enforced, these entities are not subject to the same restrictions and may still engage in related activities.