The bill outlines the budget for the Pension Reserves Investment Management Board (PRIM) for the fiscal year 2025, detailing projected investment management fees and operational expenses. It specifies significant allocations for various investment categories, including $504,337,000 for total investment management fees, which reflects a variance of $30,919,737 from the budgeted amount. The budget emphasizes a focus on diversifying investment strategies, with notable allocations such as $79,815,000 for global equities and $9,280,000 for core fixed income. Additionally, the bill introduces new categories aimed at enhancing investment opportunities in diverse and emerging markets, including the "FUTURE Initiative - Emerging Diverse Managers Program."

Operational expenses are also addressed, with a total of $28,658,000 allocated for various needs, including compensation and general office expenses. The bill highlights specific allocations such as $150,000 for professional dues and subscriptions, and $100,000 for miscellaneous service providers. Overall, the proposed budget reflects a comprehensive approach to managing the financial resources of the PRIM Board, ensuring adequate funding for both investment management and operational needs while promoting diversity and inclusion in investment practices.