This bill establishes the Artificial Intelligence Grant Program within the Office of the Secretary of Higher Education, aimed at providing financial support to nonprofit entities that offer education and training in artificial intelligence. Nonprofit organizations interested in participating must submit an application and demonstrate their capability in delivering comprehensive AI education and training programs. The Secretary of Higher Education will consider various factors when awarding grants, such as the number of educational initiatives, the organization of AI startup challenges, and partnerships with government agencies. Each year, four nonprofit entities will be selected to receive grants of up to $25,000.

Additionally, the bill creates the Artificial Intelligence Education Fund, which will be utilized to distribute these grants. It mandates that funds necessary to support the program be appropriated each fiscal year. Nonprofits receiving grants are required to submit a report detailing the use and impact of the funds to the Secretary of Higher Education, the Governor, and the Legislature. The act is set to take effect immediately upon passage.