This bill amends Chapter 10, Title 33 of the Idaho Code by adding a new section, 33-1016, which establishes the Idaho High-Needs Student Fund. The fund is designed to provide financial support to local education agencies for the eligible costs associated with educating high-needs students, defined as those whose individualized education program-related costs exceed $15,000. The bill outlines the types of eligible costs, the process for local education agencies to apply for reimbursement, and the criteria for prioritizing reimbursements. It also specifies the maximum reimbursement amounts and the requirement for transparency and accountability in the use of the funds.

Additionally, the bill mandates that starting in fiscal year 2027, the state department of education must report annually on the fund's appropriations, the number of applicants, the amount awarded, and other relevant information. The bill declares an emergency, making it effective on July 1, 2025.