House Bill 673 mandates the Tennessee higher education commission, in collaboration with the department of finance and administration, to prepare and present a report to the general assembly. This report will detail the state appropriations allocated to each land grant institution in Tennessee from 1987 to 2020, specifically on a per pupil basis. The deadline for submitting this report is set for December 31, 2025.

The bill emphasizes the importance of transparency and accountability in funding for land grant institutions, ensuring that lawmakers have access to historical financial data to inform future decisions. The act will take effect immediately upon becoming law, highlighting its urgency in addressing educational funding matters.