The proposed bill, if enacted, would establish the Study Committee on Coal-Impacted Communities, which would consist of various members appointed by legislative leaders and representatives from relevant nonprofit organizations and local governance. Specifically, it would include two members from the Senate and two from the House, with appointments split between the President and Minority Leaders of each chamber. The committee's mandate would be to investigate the social and economic impacts on communities reliant on the coal industry, particularly those affected by the closure of the Navajo Generating Station, and to develop strategies for economic diversification.

Additionally, the bill appropriates $300,000 from the state General Fund for fiscal year 2026-2027 to the Office of Economic Opportunity to conduct a workforce development study in Coconino County. The appropriation would be exempt from lapsing provisions, ensuring the funds remain available for the intended purpose. The committee is required to submit a report of its findings and recommendations by December 31, 2026, and it would be dissolved after September 30, 2027.