This bill authorizes a Post-Secondary Enrollment Options (PSEO) adjustment specifically for Independent School District No. 186 in Pequot Lakes, Minnesota. It includes an appropriation from the general fund to the Department of Education for the fiscal year designated. The bill outlines that the Department of Education is responsible for calculating the reduction in general education aid for the district due to conflicting PSEO information, particularly concerning students enrolled in both postsecondary institutions and high school.

Furthermore, the bill mandates that 100 percent of the calculated reduction in aid for fiscal years 2024 and 2025 must be reimbursed to Independent School District No. 186 in fiscal year 2026. This adjustment aims to address financial discrepancies caused by the enrollment of PSEO students exceeding the average daily membership threshold.