This bill appropriates a total of $911,544,000 for the operations and maintenance of the University of Minnesota for the fiscal years 2026 and 2027. The funding is allocated from the general fund to the Board of Regents of the University of Minnesota, with specific earmarks for various initiatives aimed at enhancing the university's capabilities and addressing critical needs within the state.
Specifically, the bill designates $45 million each year to implement the University of Minnesota's Health Sciences Strategic Plan, which aims to tackle significant healthcare challenges in Minnesota. Additionally, it allocates $40 million annually to promote innovation and advancements in key industries such as biomanufacturing, precision agriculture, hypersonics, and green energy. Lastly, $30 million per year is set aside to improve and expand programs and services that support student success.