The bill authorizes a grant to the Center for Applied Research and Educational Improvement at the University of Minnesota to conduct a survey of Minnesota principals. It includes an appropriation from the general fund to the Department of Education for this purpose, specifically for the development, administration, and analysis of the 2026 Minnesota principals survey. The bill stipulates that the Center must post the survey results on its website and submit a report to the relevant legislative committees by January 15, 2027. Additionally, it allows for up to five percent of the appropriation to be used for grant management, and the funds will be available until June 30, 2027.

Overall, the bill aims to enhance educational finance by ensuring that valuable data is collected from school principals, which can inform future educational policies and practices in Minnesota.