House Bill 2518 proposes an appropriation of $3,500,000 from the state General Fund to the Arizona State Parks Board. This amount is to be distributed to the City of Prescott and the Town of Prescott Valley for the development of the Glassford Dells Regional Park, on the condition that these municipalities and Yavapai County secure an equal amount of matching funds from non-state sources.

The bill outlines the history of the Glassford Hill area, detailing past preservation efforts and the recent intergovernmental agreement to purchase state trust lands for the creation of a regional park. The proposed park would encompass approximately 4,600 acres, including the Glassford Hill and Granite Dells areas, and would feature a trail system and recreational facilities. The bill specifies that the appropriation is for the fiscal year 2024 and requires proof of matching funds before the monies can be distributed.