Declares an intent to establish a comprehensive education data improvement system for financial, student, and educator data to monitor student progress, assure educator quality, monitor and analyze the costs of programs, provide for financial integrity and accountability, and have the capability to link across these various data components by student, by class, by teacher, by school, by district, and statewide.

Establishes a data governance group within the educational data center to assist in the design and implementation of an education data improvement system for financial, student, and educator data.

Requires the office of financial management to take all actions necessary to secure federal funds to implement the act.