The bill amends Sections 16-59-4 and 16-59-6 of the General Laws in Chapter 16-59, which governs the Council on Postsecondary Education in Rhode Island. It introduces new powers and duties for the council, including the approval of a systematic program for information gathering on higher education needs, reviewing the strategic plan prepared by the commissioner, and formulating policies to achieve the board of education's goals. The council will also be responsible for preparing a five-year funding plan, presenting an annual state higher education budget, and managing the office of the postsecondary commissioner. Notably, the bill replaces the word "develop" with "review" in relation to the strategic plan and clarifies the commissioner's role in the planning process.

Furthermore, the bill establishes a new section detailing the responsibilities of the Commissioner of Postsecondary Education, who will be appointed by the council with the governor as an additional voting member. The commissioner is tasked with developing a strategic plan that aligns with the board of education's goals, ensuring accountability for educational attainment, and addressing economic and workforce development needs. The bill emphasizes an outcomes-based funding model and mandates stakeholder consultation in policy development, with full implementation required by the 2027-2028 academic year. The act will take effect upon passage, and annual reports on implementation progress will be submitted to the Senate President and House Speaker.