The bill establishes the High Plains Research Station and Arboretum as a state historic site, managed by the Department of State Parks and Cultural Resources. It mandates the development of a strategic master plan for the preservation and operation of the site, which will include provisions for entering into leasehold and concession agreements. The department is also authorized to collaborate with various entities to ensure the effective administration and maintenance of the site.

Additionally, the bill allows the department to impose an admissions fee that may exceed those charged at other state parks, with the funds directed towards the site's preservation and operational expenses. A report on the strategic master plan is required to be submitted to the joint travel, recreation, wildlife, and cultural resources interim committee by October 1, 2025. The act will take effect immediately upon completion of the necessary legislative processes.