This bill proposes a supplemental appropriation from the unappropriated surplus balance in the State Fund, General Revenue, specifically for the State Board of Education and the State Department of Education. It aims to add a new item of appropriation for the fiscal year ending June 30, 2026, under fund 0313 and organization 0402. The bill outlines that the total appropriation for the fiscal year 2026 will include funding for the Hope Scholarship Program, with a designated amount of $78,482,003.

The bill is based on the Governor's Executive Budget Document submitted to the Legislature, which indicates that there is an available unappropriated surplus balance in the Treasury for the fiscal year 2026. The new appropriations are intended to facilitate the expenditure of these funds for educational purposes, specifically to support the Hope Scholarship Program.