The bill would preserve the opportunity for the inmate to apply for parole after serving 25 years. The 25-year period would start at the date of their arrest. So, yes, they would have opportunities to make an application to the parole board, and the parole board would receive it with all the information and apply all the standards that they use to determine if that person should be released into the community and on what conditions.
On November 2nd, 2010. See this statement in context.