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Utah currently sets aside a portion of state education funding into the Public Education Economic Stabilization Restricted Account, which is used both for emergency backup funding when tax revenues fall short and for one-time education spending, such as teacher paid professional hours and grant programs. Starting in fiscal year 2027, this bill would create a new Public Education Economic Stabilization Trust Fund, managed by the state treasurer, and require $350 million per year from the restricted account to be deposited into this trust fund before any other one-time education spending is made from that account. The state treasurer would invest the trust fund's money with the goal of long-term stability and growth, keeping all earnings in the fund, and this new trust fund would be exempt from the state's standard investment rules under the Money Management Act. The Legislature would retain authority to appropriate money from the trust fund for public education purposes, and the bill also adjusts how a related minimum funding calculation is applied to the existing restricted account.