This bill proposes a supplemental appropriation to the State Board of Education for the fiscal year ending June 30, 2025. It aims to increase the existing item of appropriation for the Hope Scholarship Program, which is part of the State Department of Education's budget. The total appropriation for this program is set at $28,400,666, drawn from the General Revenue Fund, specifically from fund 0313, fiscal year 2025, organization 0402.

The bill is based on the Governor's Executive Budget Document submitted to the Legislature, which outlines the available unappropriated balance in the State Fund, General Revenue, as of July 1, 2024. This unappropriated balance is deemed available for appropriation during the fiscal year 2025, allowing for the proposed increase in funding for the Hope Scholarship Program.