The bill establishes the Kansas technical college operating grant fund, which will be managed by the state board of regents. This fund is designated for expenditures related to instruction and operations at technical colleges, aimed at meeting specific objectives set by the postsecondary technical education authority for both regional and statewide needs. All spending from this fund will require adherence to appropriation acts and will be executed through warrants issued by the director of accounts and reports, following approval from the executive officer of the state board of regents or their designee.

Additionally, the bill clarifies the definition of "technical college" as per K.S.A. 71-1802 and includes the Washburn Institute of Technology. A significant change in the bill is the replacement of the term "statute book" with "Kansas register" regarding the act's effective date, indicating that the act will take effect upon its publication in the Kansas register.