This bill appropriates a total of $2,773,295,400 from the General Fund to the Public School Income Fund for the fiscal year 2026-2027, targeting various educational initiatives in Idaho. Key allocations include $2,250,000 for programs assisting students with limited-English proficiency and addressing learning loss, as well as $1,570,000 for technology education opportunities to support certification programs and professional development for teachers. Additionally, $5,000,000 is earmarked for intensive professional development in early literacy for teachers in kindergarten through grade 3, particularly in underperforming schools, with a report due by January 5, 2027, detailing the distribution and outcomes of these funds.

The bill also introduces definitions for terms such as "distributed" and "expended" to clarify fund allocation and usage. It mandates the State Department of Education to conduct open, competitive acquisition processes for contracts exceeding $25,000 and requires reporting on these contracts. Furthermore, provisions for year-end reconciliation of funds are included to ensure that any surplus or deficit is accounted for in future funding calculations. The act is set to take effect on July 1, 2026, following an emergency declaration.