The proposed bill establishes a new program called "Prepare Minnesota" under Minnesota Statutes, section 116J.9927, aimed at providing comprehensive test and professional licensure preparation services at no cost to students at public higher education institutions and dislocated workers. The program will offer preparation for various standardized tests, including the Medical College Admission Test, Law School Admission Test, and Graduate Record Examination, as well as professional exams in fields such as nursing, teaching, and law. The commissioner of employment and economic development is tasked with administering the program and may prioritize services for recipients of state grants if funding is insufficient.

Additionally, the bill mandates the commissioner to procure a vendor for the preparation services and requires annual reporting on the program's effectiveness, including metrics on student recruitment, retention, and post-graduation outcomes. The bill appropriates $5 million for fiscal years 2026 and 2027 from the workforce development fund to support the establishment and administration of this program.