This bill increases funding for the Historic Preservation Fund, which supports historic sites and preservation efforts across the country, by doubling the annual deposit from $150 million to $300 million starting in fiscal year 2025. The legislation directs that at least 40 percent of the fund's money go to State Historic Preservation Offices and at least 20 percent go to Tribal Historic Preservation Offices, with adjustments made as the number of tribal offices increases. If the revenues normally deposited into the fund fall short, the difference will be made up from the general Treasury to ensure the full $300 million is always available. The bill also authorizes funding for specific preservation programs focused on African American civil rights sites, equal rights history, underrepresented communities, and historic revitalization grants. The President must submit budget proposals and annual reports to Congress detailing how the funds are allocated across all preservation programs.
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