The bill establishes the Wyoming Firearms Research Center Oversight Commission, which will consist of eight members, including one legislative member and seven others appointed by a majority vote of key state officials. The commission's responsibilities include overseeing the University of Wyoming's firearms research center, ensuring it aligns with its mission to promote scholarly work related to firearms, and making recommendations for funding. The commission will meet at least once a year and will be staffed by the governor's office. Nonlegislative members will not receive compensation but will be reimbursed for travel expenses, while the legislative member will receive a salary and reimbursement.

Additionally, the bill appropriates $2,500 from the general fund for the legislative member's expenses and $17,500 for the nonlegislative members' expenses, both for the period ending June 30, 2024. These funds are designated solely for the specified purposes and any unspent funds will revert to the state by the end of the fiscal year. The act is set to take effect on July 1, 2023.