This bill aims to prohibit the allocation or expenditure of state or local funds for low-earning outcome programs in postsecondary education, as defined by federal law (20 U.S.C. 1087d). The prohibition encompasses various categories of funding, including individual student financial aid, base operational or instructional funding, specially appropriated aid or grants, and capital or facilities funding.

Additionally, the bill assigns specific responsibilities to the Nebraska Coordinating Commission for Postsecondary Education, which is required to annually review federal determinations of low-earning outcome programs and submit an electronic report to the Clerk of the Legislature. This report must include details on federal determinations, enforcement of the funding prohibition, and an estimated fiscal impact of the bill's provisions. The Commission is also empowered to adopt rules and regulations to implement the section's objectives.