The bill passed on March 12, 2026, amends the appropriations of public funds from the unappropriated surplus balance in the State Fund, Lottery Net Profits. It specifically adds a new item of appropriation for the State Board of Education, fund 3951, organization 0402, for the fiscal year ending June 30, 2026. The new appropriation is designated for the Hope Scholarship Program, amounting to $30,498 from the Lottery Surplus, which totals $16,977,752.

This legislative action follows the Governor's submission of the Executive Budget Document, which indicated an available unappropriated surplus balance in the State Treasury for the fiscal year 2026. The bill is effective immediately upon passage, ensuring that the funds can be allocated promptly to support the educational initiative outlined.