(1) There is established the Kentucky Military History Museum which shall be housed in the State Arsenal, and shall serve as repository of objects relating to the Commonwealth's military history.
(2) The Kentucky Historical Society and its staff shall maintain the museum, receive, store and catalogue all military historical items, and exercise fiduciary responsibility in the preservation and maintenance of the State Arsenal and all objects placed or loaned for display therein.
(3) The Department of Military Affairs and the adjutant general shall provide the State Arsenal as the museum facility, shall maintain and operate the building and grounds, and shall cooperate in contributing items of military history for display within the museum.
(4) The Military History Museum shall be attached to the Kentucky Historical Society for administrative and other purposes.
(5) The Kentucky Historical Society may empanel such advisory committees as it determines to be necessary to assist in the administration of the Military History Museum. Members of such committees shall serve as needed without compensation or reimbursement.
(6) The Kentucky Historical Society may promulgate administrative regulations as necessary for the operation of the Military History Museum.