This bill proposes a supplemental appropriation from the State Excess Lottery Fund to the State Board of Education for the fiscal year ending June 30, 2026. It aims to add a new item of appropriation specifically for the Hope Scholarship Program, allocating a total of $12,664,710 from the lottery surplus. The bill references the Governor's Executive Budget Document, which indicates that there is an unappropriated surplus balance in the State Treasury available for this purpose.

The new legal language introduced in the bill includes the designation of fund 3517, fiscal year 2026, and organization 0402, which are necessary for the appropriation of the funds. This amendment is intended to ensure that the funds are properly allocated for the designated spending unit within the Department of Education, thereby facilitating the implementation of the Hope Scholarship Program during the specified fiscal year.