The bill passed on March 12, 2026, amends the appropriations of public funds 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 establishes a new item of appropriation for the fiscal year ending June 30, 2026, which includes a total appropriation of $70,357,538 for the Hope Scholarship Program under fund 0313, fiscal year 2026, organization 0402.

This legislative action follows the Governor's submission of the Executive Budget Document, which indicated an available unappropriated surplus balance in the Treasury for the fiscal year 2026. The bill aims to allocate these funds to support educational initiatives, reflecting the state's commitment to enhancing educational opportunities through the Hope Scholarship Program.