The bill appropriates fifteen million dollars ($15,000,000) from the Wyoming tourism reserve and projects account to the Wyoming office of tourism, specifically for the purpose of attracting a rodeo and cowboy museum and hall of fame to the state. The funds will be distributed in three installments of five million dollars each, scheduled for July 1 of 2026, 2027, and 2028. The appropriation is designated for use until June 30, 2036, and any unexpended funds will not revert until that date. The bill outlines specific conditions for the appropriation, including prioritization of the funds, requirements for matching funds, and a repayment provision if the applicant does not relocate to Wyoming by the specified deadline.

Additionally, the Wyoming tourism board is tasked with soliciting grant applications and determining the potential economic benefits of the proposed relocations. The governor's approval of any grant is contingent upon a certification of legality by the attorney general and a determination of substantial public benefit. The office of tourism is required to report annually to the joint appropriations committee on the expenditures from this appropriation until 2036. The act is effective immediately upon completion of the necessary legislative processes.