This bill mandates that the Minnesota State High School League enter into a contract for catastrophic accident insurance that provides a minimum of $10 million in lifetime coverage per catastrophic injury, with a $50,000 deductible. The insurance must cover various medical expenses related to catastrophic injuries for students involved in high school league-sponsored extracurricular athletic activities, including athletes, managers, trainers, and cheerleaders, and must not deny claims for recommended treatments by healthcare providers.

Additionally, the bill requires the Minnesota State High School League to make catastrophic injury payments to two former high school athletes who suffered catastrophic injuries during league events, covering expenses not addressed by the insurance policy or their private insurance. It also introduces a provision for a subtraction from income related to these payments, effective for taxable years beginning after December 31, 2025, and before January 1, 2027. The bill proposes new legal language to be added to Minnesota Statutes, chapter 128C, to codify these requirements.