The bill appropriates funds for the state grant program in higher education in Minnesota. Specifically, it allocates $316,430,000 for fiscal year 2026 and $344,211,000 for fiscal year 2027 from the general fund to the commissioner of the Office of Higher Education. The bill also includes a provision that allows the appropriation for one fiscal year to be used if the other fiscal year's funds are insufficient.

Additionally, the bill establishes a base appropriation of $344,211,000 for fiscal year 2028 and each subsequent year. This ensures a consistent funding level for the state grant program moving forward, supporting higher education accessibility for students in Minnesota.