The bill establishes the Kansas technical college operating grant fund, which will be managed by the state board of regents. This fund is intended to support instruction and operations at technical colleges, ensuring that they meet specific target objectives set by the postsecondary technical education authority for both regional and statewide needs. Expenditures from this fund will be made in accordance with appropriation acts and will require approval from the executive officer of the state board of regents or their designee.

Additionally, the bill clarifies the definition of "technical college" to align with the existing definition in K.S.A. 71-1802, which includes the Washburn Institute of Technology. The act will take effect upon its publication in the Kansas register.