(a) (i) establish project schedules and timetables; project expenses including an estimate of total conservation, display interpretation, and continuing management costs; and propose a budget for the recommended expenses;

(ii) recommend specific conservation measures;

(iii) obtain a professional condition report and photograph of each item in the collection; and

(iv) establish a plan for continuing management and conservation.

(b) Recommend hiring consultants as required, subject to budgetary limitations.

(c) Recommend hiring a professional textile conservator or other suitable professional to commence the conservation work within budgetary limitations under the supervision of New York State's Military Heritage museum curator.

(d) Coordinate and conduct fund raising activities for the conservation, preservation, interpretation, display and continuing management of the state's military battle flag collection, including:

(i) soliciting gifts, grants or donations of any kind; and

(ii) soliciting donations from businesses, individuals of all ages and organizations. All monetary grants, gifts, or donations, shall be deposited in the trust fund.

(e) Advise the division of military and naval affairs on matters related to the restoration and display of the state's military battle flags. 3. (a) There is hereby established the New York state military battle flags partnership trust fund (hereinafter referred to as "trust fund" or "fund"). The fund shall be in the joint custody of the state comptroller and commissioner of taxation and finance.

(b) Moneys in the fund shall consist of donations and any appropriations by the legislature to match any such donations. Any interest received by the comptroller on moneys on deposit in the trust fund shall be retained in and become part of the trust fund.

(c) Money in the fund may be used for restoration and display of the state's military battle flags. When all of the state's military battle flags have been restored and provision has been made for their public display subject to the approval of the advisory committee, any remaining funds are to be used as needed for the maintenance and display of the flags.

(d) The moneys of the fund shall be paid out on the audit and warrant of the comptroller on vouchers certified or approved by the adjutant general of the division of military and naval affairs. 4. The committee shall file an annual report of its activities and provide a full accounting of the New York state military battle flags partnership trust fund. This report shall be filed with the governor, the speaker of the assembly and the majority leader of the senate no later than the end of each state fiscal year.