Creates a federally chartered, nonprofit Haskell Indian Nations University governed by an independent Board of Trustees and led by a President. The law transfers the legacy institution’s property and functions to the new University, authorizes recurring federal funding and an endowed trust, sets up a separate Endowment Board, makes the University tax-exempt, and establishes reporting, planning, and oversight requirements. It also changes personnel rules by largely exempting the University from Title 5 civil‑service rules while preserving certain protections for legacy employees and treating the University as eligible for Federal benefit rules and certain labor protections.

The Board will set broad policy and appoint the President; the President will run daily operations, hire staff, and develop personnel policies within the new authorities. The University must offer tuition‑free accredited programs for Indians, give preference in admissions and hiring to eligible Tribal members, maintain its main campus in Lawrence, Kansas, and follow specified federal laws and financial controls, including audits by the Department of the Interior Inspector General and Treasury oversight of the endowment trust.