This bill appropriates additional funds to the Office of the State Board of Education for fiscal year 2026, including $5 million from the General Fund and $20,000 from the Miscellaneous Revenue Fund for various educational programs. It also increases the full-time equivalent position authorization by one for the same fiscal year. The bill outlines specific conditions for the use of appropriated funds, particularly for the Public-Private Workforce Capacity Grant, which requires projects to meet certain criteria related to demand and funding ratios. Additionally, it mandates the submission of reports on credit and transcript mobility, as well as the transition to outcomes-based funding models for both higher education institutions and community colleges.

Furthermore, the bill includes provisions for reappropriating unexpended balances from the American Rescue Plan Fund for nonrecurring expenditures and specifies that appropriations are subject to certain conditions and limitations. An emergency clause is included, allowing specific sections of the bill to take effect immediately upon passage, while the majority of the bill will be effective starting July 1, 2025.