Requires at least eighty-five percent of the money spent by the state arts commission during each biennium, for certain purposes, to be expended solely for direct acquisition of works of art.

Authorizes the state arts commission to use up to two hundred thousand dollars to conserve or maintain existing pieces in the state art collection.

Authorizes, for projects funded in the capital budget, state agencies and institutions of higher education, working with the state arts commission, to expend up to ten percent of the projected art allocation for a project during the design phase in order to select an artist and design art to be integrated in the building design.

Requires the executive director of the state arts commission to appoint a study group to review the operations of the one-half of one percent for works of art purchased or commissioned.