This bill mandates the submission of detailed reports to the Minnesota legislature prior to any appropriation of funds to the Board of Regents of the University of Minnesota for its health sciences programs. The reports must include specific information such as the requested dollar amount, the necessity for public funding, a funds flow analysis, and performance measures to ensure the effective use of the funds. Additionally, the Board of Regents is required to provide annual reports on the use of these appropriations, detailing any changes in funding analysis, anticipated uses, and the achievement of set goals.

Furthermore, the bill directs the commissioner of health to recommend the establishment of a health professions workforce advisory council, which will research and advise on the health workforce's status and needs. The council will also study recruitment and retention strategies for health professionals, particularly in underserved areas. The bill includes appropriations for various initiatives, including the establishment of medical discovery teams, expansion of healthcare in underserved communities, and workforce development programs, with a total of $75 million allocated for these efforts in fiscal year 2025.