The bill, known as Enrolled Senate Bill No. 1126, outlines the budgetary framework for the State Department of Education for the fiscal year ending June 30, 2026. It specifies the apportionment of appropriated funds for various educational programs and services, totaling approximately $3.98 billion. The bill mandates the development of performance measures for budget categories, requires the transfer of certain funds to designated accounts, and limits the authority to reduce specific apportionments. Additionally, it prohibits the State Department of Education from contracting for certain administrative costs and emphasizes that allocated funds must be used for their intended purposes.

Key provisions include the requirement for proportional reductions in allocations if funds for the Teachers Retirement Credit are insufficient, and the stipulation that State Aid funds may be reduced or withheld to ensure compliance with the act. The bill also allows for the early transfer of tax collections to alleviate cash-flow issues and provides a process for requesting exemptions from budgetary limitations for unanticipated federal funds. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.