The bill appropriates funds for the fiscal year 2027 to various educational entities in Idaho, including the State Board of Education, the Agricultural Research and Extension Service, and the Board of Regents of the University of Idaho. It specifies funding allocations for colleges, universities, community colleges, health education programs, and vocational rehabilitation. Key provisions include reappropriation authority for unspent funds, exemptions from expense class transfer limitations for certain appropriations, and adjustments for student tuition and fees. The bill also establishes limits on authorized full-time equivalent positions and introduces a voluntary separation option for employees within the college and university systems, while mandating accountability reports and data sharing to ensure effective use of funds.

Additionally, the bill enhances financial management and operational flexibility for educational institutions, particularly community colleges and health education programs. It allows college and university presidents to implement voluntary separation incentive plans, clarifying that these will not be classified as severance under Idaho law. The State Board of Education for Community Colleges and the Board of Regents of the University of Idaho are granted exemptions from certain expense class transfer limitations, enabling unlimited transfers between expense classes for dedicated funds during the fiscal year, with restrictions on transferring legislative appropriations between funds. The bill also includes provisions for reappropriation of unexpended balances from various funds for nonrecurring expenditures and mandates collaboration between the State Department of Education and the Office of the State Board of Education for transparency in fund usage. The act is set to take effect on July 1, 2026.