The bill proposes the transfer of $375,000,000 from the Education Opportunities Reserve Fund to the Renewing Alabama's Investment in Student Excellence (RAISE) Fund for the fiscal year ending September 30, 2025. This transfer is intended to provide initial funding for the implementation of the RAISE Act, which is established by either House Bill 533 or Senate Bill 305 of the 2025 Regular Session. The bill specifies that this transfer will occur notwithstanding Section 29-9-4 of the Code of Alabama 1975, indicating a temporary override of existing law to facilitate the funding.

Additionally, the effectiveness of this act is contingent upon the enactment of either House Bill 533 or Senate Bill 305. If these bills are not passed, the provisions of this act will not take effect. The act is designed to become effective immediately upon passage, ensuring that the funding can be allocated without delay once the necessary legislative approvals are secured.