The bill establishes a tuition and mandatory fee waiver program for peace officers and their legal dependents at institutions governed by the state board of regents and community colleges in Iowa. It outlines specific eligibility criteria for peace officers, including residency in Iowa, certification through the Iowa law enforcement academy, and enrollment in a degree program related to law enforcement. The waiver for peace officers lasts for up to five years at regents institutions and three years at community colleges. Legal dependents of peace officers are also eligible for waivers, provided they agree to reside in Iowa for five years post-graduation and meet other requirements.

To fund this initiative, the bill creates a peace officer tuition waiver reimbursement fund, which will be financed through a $10 surcharge on citations issued by local authorities using automated systems. The bill mandates that local authorities transfer the collected funds to the state treasury for deposit into this reimbursement fund. The college student aid commission will manage the fund and establish a process for institutions to apply for reimbursement of the costs associated with the tuition waivers. The bill also specifies that unencumbered funds in the reimbursement fund will not revert at the end of the fiscal year, ensuring ongoing availability for this purpose.