The bill amends the "Rhode Island Hope Scholarship Pilot Program Act" to rename it as the "Rhode Island Hope Scholarship Program." It removes the sunset provision that previously limited the program's funding until June 30, 2030, allowing for indefinite funding starting from July 1, 2026, and continuing every year thereafter. The bill introduces new reporting requirements for Rhode Island College, mandating that they submit reports on student participation, financial aid, and program costs to various state officials on November 10 and May 10 of each year. Additionally, starting July 1, 2026, the program will be officially recognized as a continuing scholarship program, ensuring its permanence and ongoing support. All references to the "Rhode Island Hope Scholarship Pilot Program" will be construed to mean and refer to the "Rhode Island Hope Scholarship Program."