The Multilingual Educators Investment Act aims to increase the number of bilingual dual language and world language teachers in urban and urban ring schools in Rhode Island. The bill establishes a scholarship program to provide financial support to state residents seeking graduate certificates or degrees in bilingual dual language and world language teaching. The program will be administered by the financial aid offices at Rhode Island College and the University of Rhode Island. The bill also directs the Office of the Postsecondary Commissioner to collaborate with the Department of Elementary and Secondary Education and other state-approved programs to expand and improve the options and available space for teaching certification programs in these areas. The bill includes definitions for terms such as "multilingual educator," "multilingual learner," and "urban core" and "urban ring" schools. It also establishes an annual appropriation of two million dollars ($2,000,000) to implement the scholarship program, with the possibility of additional funds being appropriated or accepted as charitable donations.