This bill establishes a comprehensive transition and postsecondary program scholarship program in Iowa, aimed at providing financial assistance to individuals with intellectual, developmental, or learning disabilities who are at least 18 years old and enrolled in approved programs. The college student aid commission, in collaboration with the division of vocational rehabilitation services, is tasked with developing and administering this scholarship program, contingent upon appropriations from the general assembly. The maximum scholarship amount is set at $5,000 per academic year, and applicants must reapply annually to determine their eligibility for continued funding.

Additionally, the bill mandates the establishment of evaluation criteria for scholarship applications, with a preference for Iowa residents. It also creates a dedicated scholarship program fund within the state treasury, which will be managed by the college student aid commission. Importantly, funds allocated for this program will not revert to the general fund at the end of the fiscal year, ensuring their availability for future use. The commission is required to adopt rules for the program's administration, further solidifying the framework for supporting eligible students in their postsecondary education endeavors.