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 ongoing support for the state grant program, which is crucial for providing financial assistance to students pursuing higher education in Minnesota.