This bill appropriates a total of $80 million from the general fund to the University of Minnesota for research in various promising industry sectors over the fiscal years 2026 and 2027. Specifically, it allocates $40 million for each year to support advancements in biomanufacturing, precision agriculture, hypersonics, and green energy and green iron industries.

The new legal language introduced in this bill emphasizes the state's commitment to fostering innovation and new technologies within these sectors, which are critical for economic growth and sustainability. The funding aims to enhance the University of Minnesota's research capabilities and contribute to the development of cutting-edge solutions in these fields.