Creates the Native American opportunity scholarship program to provide scholarships that will encourage Native American residents to earn postsecondary degrees and credentials and remain in the state and their communities to work.

Creates the Native American opportunity scholarship board to: (1) Provide oversight and guidance for the program in light of established legislative priorities; and

(2) Fulfill duties and responsibilities under this act, including determining eligible education and advanced degree programs for the program.

Authorizes the board to have the state investment board invest the funds in the scholarship account and the endowment account.

Creates the Native American opportunity scholarship account.