The joint resolution proposes an appropriation of $10 million to the Rhode Island Foundation to support public education in the state. The funds will be distributed to local education agency foundations, which must register annually by September 1 to qualify for funding. The distribution of these funds will be guided by criteria adopted by the local education agency foundations. The resolution does not specify the establishment of an interest-bearing account or a percentage of the principal amount to be distributed annually. Additionally, it does not mention grants to teachers or the role of the state controller in managing the disbursement of funds.